Mayor Rahm Emanuel proposed a $543 million property tax hike last month that would impact Chicago’s residents over the course of the next four years.
- The Chicago city council voted 35-15 in favor a $543 million property tax hike as a part of Emanuel's $7.8 billion fiscal 2016 budget
- North side homeowners and homebuyers may be the most significantly impacted based on tax assessments
- Low income renters may also face a harsh increase in home costs
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