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  2. Tax increment financing - Wikipedia

    en.wikipedia.org/wiki/Tax_increment_financing

    Tax increment financing ( TIF) is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects in many countries, including the United States. The original intent of a TIF program is to stimulate private investment in a blighted area that has been designated to be in need of ...

  3. Property tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Property_tax_in_the_United...

    Median household income and taxes. Most local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. [1] This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio ...

  4. Wicker Park, Chicago - Wikipedia

    en.wikipedia.org/wiki/Wicker_Park,_Chicago

    Wicker Park, Chicago. Wicker Park is a neighborhood in the West Town community area of the West Side of Chicago, Illinois, [1] west of the Kennedy Expressway, east of Humboldt Park, and south of the Bloomingdale Trail, known for its hipster culture, art community, nightlife, and food scene. [2] [3] [4]

  5. Chicago ‘mansion’ tax to fund homeless services stuck in ...

    www.aol.com/chicago-mansion-tax-fund-homeless...

    Chicago’s rate is currently 0.75% on all property sales. The proposal overhauls the tax structure: 2% for properties over $1 million, 3% on properties over $1.5 million and down to 0.6% on ...

  6. The 78 - Wikipedia

    en.wikipedia.org/wiki/The_78

    The 78 will also include a $1.2 billion research center called the Discovery Partners Institute, which will be operated by the University of Illinois. In April 2019, the Chicago City Council approved The 78 development, including a tax increment financing agreement. Several other mega and large-scale projects are also underway in Chicago.

  7. New Law Increases Property Taxes in Chicago - AOL

    www.aol.com/2010/02/04/new-law-increases...

    Talk about a one-two punch: Homeowners in Illinois' Cook County are not only facing the expiration of a property tax cap later this year, but they're also seeing higher first-installment property ...

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