Agreement over Arlington Park property tax bill reached: report

ARLINGTON HEIGHTS, Ill. - Churchill Downs Inc., the Cook County Board of Review and several suburban Chicago school districts have reached a property tax agreement over the former Arlington Park property, according to a report.

The Daily Herald says Cook County Assessor Fritz Kaegi's office valued the Arlington Heights property at $197 million for 2022 — a major increase from 2021 when it was valued at $33 million.

Churchill Downs, the former owners, filed an appeal.

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An agreement was then reached for a revised market value of $95 million.

The reduction only applies to this year's tax bill.