Largest property tax hike in Chicago’s history kicks in

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CHICAGO – It is going to cost a lot more to live in Chicago in 2016.

The largest property tax in the city’s history will kick in. Annual bills will increase by $300 dollars on a home worth $250,000.

Property owners will also have to pay nine dollars and 50 cents a month for garbage collection. It will also cost 15 percent more to ride a taxi in Chicago. Cook County sales taxes are also going up one cent for every dollar.

And staying at a hotel in the city will cost one percent more.

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