TIFs Take 34% Of ALL City property Taxes!

March 3 | Posted by Tom Tresser | Research, TIF 101, TIF News
Actual_city-wide_prop_tax_distrib-2011

Graphic by Carlyn So  

In 2011 Chicago’s 163 TIFs extracted $454 million from city tax payers. In addition, the city received $879.6 million from property taxes. So the total amount of property taxes collected by the city was $1.33 billion.

TIFs took 34% of that total.

So that means that all units of local government had a smaller pool of taxes to collect from, squeezing their allotments. Who is hurt the most?

  • Post a comment

    Threaded commenting powered by interconnect/it code.

%d bloggers like this: