These numbers could add up to a tax revolt

Hinz, Greg
November 2012
Crain's Chicago Business;11/26/2012, Vol. 35 Issue 48, p0002
The article offers the author's insights on why bond traders love property taxes. The author mentions a study released by the Chicago, Illinois-based watchdog Civic Federation on the last week of November 2012 suggesting the possibility of tax revolt. Based on the study, the market value of all real estate in the city dropped 17.2% in 2010 from 2009. He adds that local governments that levy property taxes benefit from that taxes.


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