Chicago Area Grapples With Property-Tax Growth Double Inflation

Chicago-area residents are facing some of the country’s highest property taxes, with bills surging at double the inflation rate over the past 30 years, according to a study released Monday.

Property owners paid $19.2 billion in taxes in 2024, a jump of nearly 182% since 1995, Cook County Treasurer Maria Pappas said in a statement published with the analysis. Inflation in the county, which is home to Chicago and 134 other suburban municipalities, rose by less than 91% in the period.