Thousands of abandoned and vacant properties are costing Cook County taxpayers billions in lost property tax revenue.
As CBS 2 Political Investigator Dana Kozlov reported Friday night, efforts are under way to help get that money back.Chicago Weather: Winter Weather Advisory Issued For Illinois, Winter Storm Watch For Parts Of Indiana
So Pappas is trying to get more people interested in buying the properties. Every other year, the county has a so-called scavenger sale – which amounts to an auction of all properties with at least three years of unpaid property taxes. “If more people are on the tax sale roles; if more people pay more money, the other people who already live in houses would be paying less,” Pappas said. “So this is a question of economic development.”
“My legal department looked at this, and I said, ‘Can I waive this $250 fee?’” Pappas said. “And they said yes.”
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