Property taxes, driven by TIF districts and school funds, outpace inflation and wages: county treasurer study

Property taxes outpaced inflation and grew “well above wage growth” over the last 30 years, shooting up nearly 182%, according to a new report from the Cook County Treasurer’s office. The county’s property tax levy has increased from $6.8 billion in 1995 to $19.2 billion in 2024, or twice the rate o