Updated about 5 years ago on . Most recent reply
Western Suburbs Property Taxes and Cash Flow
Good Morning BP.
I currently own some property in Cicero. I was able to buy when it was still cheap. However the last few years prices have run up quite a bit, along with the tax bills. I’ve watched my tax bill on one property almost double. Berwyn, Maywood, etc. all have obscenely high tax rates.
When looking at new deals in the area, I’m getting pretty put off by how high the taxes are. Are you still finding it worth your time for buy and hold in the area? Do you think rents will adjust upwards as fast as the tax increases?