Cook County property taxes have grown at twice the rate of inflation over the past three decades, forcing home and business owners to turn over an ever-greater percentage of their annual earnings to local governments, according to a study released Monday by Treasurer Maria Pappas.
During those 30 years, property taxes imposed in Cook County grew by 182% to $19.2 billion, while inflation rose by less than 91% and average wages grew by 161%.
The…
