An Arlington Heights letter to the editor: I have read recent articles about the assessment of the former racetrack property in Arlington Heights recently purchased by the Chicago Bears for $197.2 million. It was recently assessed at $197 million.
I have read recent articles about the assessment of the former racetrack property in Arlington Heights recently purchased by the Chicago Bears for $197.2 million. It was recently assessed at $197 million.
I have news for Mr. Warren. The Bears"fair share" of taxes is driven by a fair assessment of the property. In Illinois, the county assessor's office evaluates and appraises property for real estate tax purposes and property is to be assessed at its fair cash value. The recent purchase by the Bears from Churchill Downs followed such definition exactly. Yet out of apparent corporate greed, the Bears are attempting to challenge such assessment, thereby pushing a portion of their"fair share" onto the backs of the already overburdened taxpaying public.
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