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Chicago Sun-Times
Chicago Sun-Times
National
Tim Novak

Kaegi hits Trump Tower with big tax increase a year after slashing its taxes

Donald Trump Fritz Kaegi Trump Tower Cook County Edward Burke Edward M Burke SunTimes

A year ago, former President Donald Trump got a $330,000 tax break after Cook County Assessor Fritz Kaegi slashed the value on the largely vacant retail space at the Trump International Hotel & Tower by 37%.

This year, Trump’s property taxes are likely to skyrocket because Kaegi now says the storefronts are worth 68% more than the value he placed on them last year.

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