Chicago property Taxes are crazy - How are you managing this increase

[Zulf H.]

Hello BP Members, taxes. 

Hope everyone is doing well. I have noticed the Chiago property taxes have gone up significantly. I noticed that the multi-unit bldgs in my portfolio saw a much higher increase in property taxes compared to my SFH and condos.

I also noticed the property insurance ( Statefarm ) has gone up even though i have no claims.

I would like to know how other landlords are addressing the issue of higher property taxes and property insurance. I am working with a law firm to contest the tax but its not helping. 

Your advice is appreciated.  

Thanks, 

Zulf.