Illinois

TexasTowelie

(116,813 posts) Sun Nov 5, 2017, 03:21 AM Nov 2017

Trump seeks more tax breaks on Chicago tower with Ald. Ed Burke's help

One of Chicago’s most powerful aldermen, Edward M. Burke, has filed yet another lawsuit aiming to win property-tax refunds for the hotel and vacant retail space owned and operated by President Donald Trump in his namesake skyscraper along the Chicago River.

It’s the sixth lawsuit Burke has filed on behalf of Trump, seeking to win millions of dollars in refunds on property taxes collected as far back as 2009 for the Chicago Board of Education, the city of Chicago, Cook County government and other taxing agencies.

One case has been dismissed. Five others are still pending, all arguing that Trump’s tax bills were too high because his hotel and retail space at the Trump International Hotel & Tower is worth far less than Cook County Assessor Joseph Berrios and his predecessor, James Houlihan, said it is.

Another case remains before the Illinois Property Tax Appeals Board, which has set a hearing for next month on the 6-year-old matter. Depending on the outcome, Burke and Trump could challenge that decision in court, too.

Read more: https://chicago.suntimes.com/news/trump-seeks-more-tax-breaks-on-chicago-tower-with-ald-ed-burkes-help/

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Trump seeks more tax breaks on Chicago tower with Ald. Ed Burke's help (Original Post) TexasTowelie Nov 2017 OP

I'm Shocked-.... global1 Nov 2017 #1

global1

(25,922 posts)

1. I'm Shocked-....

Reply to TexasTowelie (Original post)

Sun Nov 5, 2017, 03:59 AM

Nov 2017

You would think Trump would be saying his building is worth the most of any building in Chicago. But to save a buck he wants the assessor to devalue it.

This won't endure him in the minds of Chicagoans because the assessor is valuing all properties in Cook County higher than they are worth so they can get high property tax dollars back. The County & the State is in a big financial hole and this is just another way they are hoping to climb out of it. They can't treat Trump any differently if they don't want a revolt on their hands.

Burke - a Dem - will also feel the backlash now that this is known. Chicago - a Dem town - don't take kindly to Trump. Bruke being tied to Trump in this will taint him as well.

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