The tax hike would increase total taxes by 13 percent—and in the case of some businesses, 18 percent, Crain’s says. It would be the largest property-tax hike in Chicago history.
Total taxes for famed hot-dog joint The Wieners Circle would jump by $3,197 once the full increase is phased in, restaurant investor Ari Levy, son of Levy Restaurants’ co-founder Larry Levy, told Crain’s.
“That’s a lot of hot dogs,” Levy said.
In addition to rising property taxes, Chicago restaurant owners are concerned about the impact of a soda-syrup tax that may be introduced by city officials.