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Tax Assessment Increases Could Mean Rent Hikes (SOURCE: Sun-Times)

Chicago apartment landlords said Wednesday they are being socked with tax assessment increases that will force them to hike rents in a tough economy.

Several landlords cited particular buildings on the city's North Side where assessments have doubled or tripled from a year ago. In an unscientific survey by the landlords' trade group, the Chicagoland Apartment Association, building owners reported assessments rising from 18 percent to 182 percent.  To continue reading, click http://www.suntimes.com/business/roeder/1788117,CST-NWS-rent24.article.

Published Friday, September 25, 2009 1:02 PM by KRAIN - Residential and Commercial Real Estate

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