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jackfitzgerald

About Jack Fitzgerald

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So far Jack Fitzgerald has created 175 blog entries.

Are certain segments of the real estate market peaking?

JUNE 05, 2019|PAUL OWERS

Renting Gains Momentum As Analysts Seek Signs of a US Home Price Peak
Need for Apartments Grows Across the Country

Miami is one of 23 U.S. markets where renting beats buying. Photo: iStock

A U.S. housing market that some analysts say could be closing in on a pricing peak may keep more renters from becoming […]

Counter View: The Chicago Real Estate Market is Hot!

Chicago’s market will be largely unaffected by higher assessments.

Are Cook County Owners Prepared For Massive Property Tax Increases?

Are Cook County Owners Prepared For Massive Property Tax Increases? Chicago May 30, 2019

 

When commercial property owners in Cook County receive their next property valuations, they may be in for a shock. Proposals made by Fritz Kaegi, the county’s new tax assessor, could raise the valuation of some properties by 200%, massively increasing taxes. These increases won’t go […]

IAAO Report is in

New assessment finds assessor’s office understaffed and low-tech

The assessor’s office has only a fraction of the people it needs to handle property valuations — with potential fixes ranging from hiring scores of new workers to outsourcing the job for as much as $88 million.

By Rachel Hinton May 23, 2019, 4:56pm CDT

 

Fritz Kaegi, left, then Democratic […]

Property tax relief becomes sticking point in Illinois’ progressive tax debate

By Greg Bishop

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Illinois state Rep. Mike Zalewski, D-Riverside

 

SaHow to address the state’s high property taxes has emerged as the main sticking point in the debate over a proposed progressive income tax in the Illinois House.The amendment to ask voters to change the constitution’s flat income tax to one with higher rates for higher earners passed […]

Downtown Chicago Deals

A New York real estate investor is looking to cash out on seven downtown office towers that could collectively fetch around $1.4 billion, according to a source familiar with the offering.
AmTrust Realty has hired the Chicago office of brokerage Eastdil Secured to sell its entire portfolio of Chicago office buildings, which Eastdil is marketing as […]

Former Cook County Assessor Thomas C. Hynes R.I.P.

A friend and mentor to many. He ran the Cook County Assessor’s Office for 18 years without a scandal. He ran it in a manner which was innovative in terms of public policy and was constantly pushing for newer and better technology. 

Texas, Illinois & Washington lead the nation

Which U.S. States Have Seen the Biggest Property Tax Hikes in Recent Years?
Texas, Illinois and Washington are all getting pricier.
BY V.L. HENDRICKSON

 

Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week’s question.

Q. What U.S. states have had the highest property tax increases over the last five years? […]

Assessor Kaegi Interview

Fritz Kaegi on his new property tax assessment model, and the “old fuzzy

system” he hopes to replace
In a Q&A, the new Cook County Assessor also discusses his proposal to require property owners to report their income

By Alex Nitkin | April 15, 2019 12:00PM

Fritz Kaegi. Alex Nitkin/The Real Deal

Four months after Fritz Kaegi swooped into the […]

Protected: Pritzker progressive tax amendment allows for nation’s highest tax on business income

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