The Illinois Property Tax Appeal Board has decided former President Donald Trump is due a $1 million refund on his skyscraper's 2011 tax bill, ruling last month that the Cook County Board of Review overestimated the value of the building's hotel rooms and retail space.
If Trump ends up with the tax refund, it would come out of property taxes due to the city of Chicago and eight other government agencies, including Chicago Public Schools, which stands to lose the biggest chunk of money, about $540,000.
Burke's former law firm Klafter & Burke had won more than $14 million in tax breaks for Trump over a dozen years, but the alderman ended the relationship in 2018, citing "Irreconcilable differences" between the Chicago Democrat who represents a predominantly Hispanic 14th Ward, where residents objected to many of the Republican president's policies.
The state agency's board voted 5-0 on June 2 to reduce the assessments on the building's commercial property, which would trigger a refund of $1.03 million for Trump, slightly less than Burke had requested.
It's contrary to a decision written by a hearing officer for the state agency in early 2018, who rejected Burke's attempts to win a refund for Trump, arguing they had failed to prove that the county overvalued the building.
The state agency delayed acting on the case while Trump was still president.
Then in November 2019, an anonymous employee from the state agency filed a complaint with the Illinois Office of Executive Inspector General, alleging the agency's executive director, Mauro Glorioso, was leading the charge to give Trump a refund.
Sunday, August 1, 2021
State orders $1 million refund for Trump on Chicago tower property taxes; Cook County moves to block it
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