Quote:
Originally Posted by Steely Dan
I don't think so.
Cook county tax records show his tax bill has gone from $5000/year in 2001 to $11,000/year for this year, which seems pretty par for the course for a Lincoln Square 2-flat that hasn't been on the market for at least 40 years.
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Not only is the guy strange, but he's stupid leaving so much money on the table.
He not only paid the FULL property tax, but he also:
1. Has to pay water and trash bills, which also goes way down if you turn off the water
2. Has to insure the property, and property insurance rates are higher for vacant buildings. Unless he decided not to insure the property
In addition, vacant properties just deteriorate faster than occupied ones, where residents can keep an eye on things