Wednesday, December 28, 2022

Brickbat: Want To Know Why the Rent Is Too Damn High?

Brickbat: Want To Know Why the Rent Is Too Damn High?
"Michael Markellos and his mother own a 10-unit apartment complex in Chicago. 
He said his tax bill last year for all 10 units combined was $23,674. 
This year, the bill is $128,282 dollars, up 440 percent...
A local TV station asked the tax assessor's office why the bill had gone up. 
  • A spokesperson said the office had previously assessed multi-unit apartment buildings as commercial properties
  • It now considers them residential properties."

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