West Garfield Park witnessed an unusual decrease of 11.1% in residential property tax assessments in 2023, a notable deviation from the national upward trend.
With a 66.7% increase, Magnificent Mile experienced the largest residential property tax assessment increases in Chicago in 2023, spiking taxes by 5.7%.
With a 9.2% increase, Belmont/Cragin experienced one of the largest commercial property tax assessment increases in Chicago in 2023, spiking taxes by 9.1%.
Heart of Chicago witnessed an unusual decrease of 6.2% in residential property tax assessments in 2023, a notable deviation from the national upward trend.