(The Center Square) – Chicago business owners are now being forced to pay some of the highest commercial property taxes in the country at more than 4% of their properties value, or more than double the national average of 1.81%.

The sobering numbers are highlighted in a new Lincoln Institute of Land Policy study that also outlines how the rising rates are taking a toll on the city across the board, including leading to fewer overall businesses and growing inequalities in various communities.

Illinois Policy Institute’s Dylan Sharkey is among those taking notice.

“Chicago has incredibly high commercial property taxes even compared to other big cities and pensions are one of the biggest reasons,” Sharkey told The Center Square. “This puts the city one big step closer to insolvency, to ban

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