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Cook County Treasurer Maria Pappas. [Provided]
The Cook County Treasurer’s Office released a study Monday that shows a disproportionate increase in the county’s property tax levy over the last three decades when compared to inflation.
The county sought $19.2 billion for Tax Year 2024, a 182 percent increase from the $6.8 billion sought in 1995, according to the study. The annual rate of inflation for the area between those years was roughly 90.6 percent, and wages in the last 30 years have risen about 161 percent.
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