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Trump should get a $1 million refund on tax bill Trump Tower in Chicago, Illinois says
The issue is the Cook County Board of Review's estimation of the value of the the Trump International Hotel & Tower's rooms and retail space.
CHICAGO - An Illinois tax agency has ruled that former President Donald Trump is due a $1 million refund on the 2011 tax bill on his downtown Chicago skyscraper, but local officials are trying to block the refund.
The Chicago Sun-Times reports that at issue is the Cook County Board of Review's estimation of the value of the the Trump International Hotel & Tower's rooms and retail space.
Last month, the Illinois Property Tax Appeal Board voted 5-0 to reduce the assessment on the building's commercial property.
The vote means Trump is owed $1.03 million, but the Cook County State's Attorney's office has filed a lawsuit with the Illinois Appellate Court in the hopes of blocking it.
The Trump International Hotel & Tower. (John Walton/PA Images via Getty Images / Getty Images)
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Prices of condos drop at Chicago Trump Tower
Condo buyers who are looking for a deal are turning to Trump-owned buildings in Chicago.