Property Taxes and the Case for Housing Cooperatives

By John A. Ostenburg

Occasionally, someone will come up with the idea that the housing cooperatives in Park Forest are not paying their fair share of property taxes. Let me tell you why that’s a fallacious argument.

First, a little background on what housing cooperatives are, how they came about in Park Forest, and why they are a definite asset to the municipality rather than a burden, regardless of how much they may produce in…