Property taxes jump, and jaws drop – Dennis Rodkin – Chicago Real Estate Daily

The property tax bill on Jeff and Roberta Price’s Lincoln Park home was about $400 in 1977, the first year they lived there. It’s been going up ever since, but rarely with the jolt of this year’s 63 percent increase.

The increase, from $8,652 to $14,104, has the couple reconsidering their plan to retire in the Kenmore Avenue home where they raised their kids. They’re looking at homes in Indiana “as a backup plan” for the time when Roberta retires in a few years, said Jeff Price, who is already retired.

Read More…http://www.chicagobusiness.com/realestate/20160728/CRED0701/160729844/property-taxes-jump-and-jaws-drop

Real estate groups oppose South Bend landlord registry – South Bend Tribune – Erin Blasko

A proposal requiring that landlords register their properties with the city on an annual basis is coming under fire from local real estate groups ahead of a planned vote on the measure scheduled for [Monday] tonight.

In a recent letter to the Common Council, the South Bend-Mishawaka Association of Realtors outlined five concerns about the proposal, which supporters say is necessary to hold landlords more accountable for the upkeep of their properties.

Among other things, the group believes the fines are too high and that much of the information required by the proposal is “irrelevant” to the task of identifying property owners and also available elsewhere in public records.

Read More…http://www.southbendtribune.com/news/local/real-estate-groups-oppose-south-bend-landlord-registry/article_8a0198e8-15d7-11e6-a370-f77614bbfad0.html