Records show Rauner claimed homestead exemptions on a Winnetka home, a Chicago penthouse and a condo on a separate floor but in the same building overlooking Millennium Park. He claimed primary exemptions on the Winnetka property and the Chicago penthouse from 2008 to 2011 and on the second Chicago unit in 2010 and 2011.
By law, Illinois residents can claim the exemption only on the property that is their primary residence. The exemption reduces the amount of property taxes owed by lowering a property's assessed value.
After being notified of the error Wednesday afternoon, Bruce Rauner on Thursday paid Cook County the back taxes. ...More HERE
