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Maria Pappas, Cook County Treasurer, joins Lisa Dent. She confirms that she plans to enter the race for Mayor of Chicago but she isn’t ready to announce yet, and explains why. She then discusses the Loop’s declining value and its affect on Chicago homeowners, Black communities in particular. Pappas explains that as commercial properties in the Loop decrease, communities in other Chicago neighborhoods are now paying a 16.7% median residential tax bill. Predominantly Black areas on the city’s South and West Sides are being affected. In those neighborhoods, home values have soared since the COVID-19 pandemic, leaving lower income families in those communities to pay the higher property taxes. She discusses some options for those facing the higher bills.
By wgnradio.com4.7
2323 ratings
Maria Pappas, Cook County Treasurer, joins Lisa Dent. She confirms that she plans to enter the race for Mayor of Chicago but she isn’t ready to announce yet, and explains why. She then discusses the Loop’s declining value and its affect on Chicago homeowners, Black communities in particular. Pappas explains that as commercial properties in the Loop decrease, communities in other Chicago neighborhoods are now paying a 16.7% median residential tax bill. Predominantly Black areas on the city’s South and West Sides are being affected. In those neighborhoods, home values have soared since the COVID-19 pandemic, leaving lower income families in those communities to pay the higher property taxes. She discusses some options for those facing the higher bills.

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