Will property tax hike drive gentrification in Chicago?

The median Cook County property tax bill is up 8% for homeowners — This is the modest red-brick two-family house that gangster Al Capone lived in from 1923 to 1931 in Chicago’s South Side, seen April 14, 1989. A proposal to make the former home of the Prohibition-era gangster a national landmark is drawing criticism from some politicians, Italian-Americans and neighborhood residents. (AP Photo/Mark Elias)

Reset with Sasha-Ann Simons

A huge hike in property taxes threatens to speed up gentrification in some Chicago neighborhoods

Many Chicagoans are still reeling from the massive property tax hike that was announced last month. And some Latino neighborhoods are seeing the greatest increase, upwards of 46%, according to a recent report published by the Cook County Treasurer's Office. Reset digs into the findings from the report and how this is contributing to gentrification in Latino communities. GUESTS: Hal Dardick, director of research for the Cook County Treasurer’s Office Geoff Smith, executive director at the Institute for Housing Research at DePaul University Teresa Fraga, Pilsen resident and Pilsen Neighbors Community Leader

This is the modest red-brick two-family house that gangster Al Capone lived in from 1923 to 1931 in Chicago’s South Side, seen April 14, 1989. A proposal to make the former home of the Prohibition-era gangster a national landmark is drawing criticism from some politicians, Italian-Americans and neighborhood residents. (AP Photo/Mark Elias)

MARK ELIAS/AP

By Andrew Meriwether

GUESTS: Hal Dardick, director of research for the Cook County Treasurer’s Office Geoff Smith, executive director at the Institute for Housing Research at DePaul University Teresa Fraga, Pilsen resident and Pilsen Neighbors Community Leader