On May 15, 2020, Zachary Speicher purchased a home at 1430 S. Michigan Ave. 403, Chicago from Emily K. Ruffner for $240,000.
The amount paid for property taxes on this property in 2018 was $4,069.22, 1.7% of the sale price of the home.
This home last sold on April 29, 2014 for $223,000.
In May 2020, 20 properties sold in South Loop.
This story was found on BlockShopper.com.
BlockShopper.com reports the effective property tax rate in Chicago’s Gold Coast grew from 1.3% in 2016 to 1.8% in 2025, a rise of 0.5 percentage points over a decade.
Homeowners in Ashburn, a Chicago neighborhood, paid property taxes equal to 1.6% of their home values in the fourth quarter of 2025, putting them at more than 1.8 times higher than the national average, BlockShopper.com reported.
River North, a neighborhood in Chicago, saw its effective property tax rate increase by 0.5 percentage points over a 10-year period, reaching 1.8% in 2025 from 1.3% in 2016, according to BlockShopper.com.
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