Trump Tower tax appeal is under investigation

Chicago /
Feb.February 07, 2020 02:30 PM
Trump International Hotel & Tower and Donald Trump (Credit: Trump and Getty Images)

Trump International Hotel & Tower and Donald Trump (Credit: Trump and Getty Images)

President Donald Trump’s appeal of property taxes he paid in 2012 for Trump International Hotel & Tower is now under investigation by the state.

An anonymous complaint to the inspector general’s office has shed light onto an allegation against a Republican state agency. The complaint claimed that Mauro Glorioso, executive director of the Illinois Property Tax Appeal Board, pressured staff to give Trump a $1 million tax break for the hotel and retail space. The retail space in Trump Tower has sat vacant for nearly a decade, as The Real Deal chronicled in a 2019 investigation.

The state’s executive inspector general’s office and Gov. J.B. Pritzker’s administration are heading the investigation, but Pritzker’s staff did not confirm a complaint had been filed, according to the Sun-Times.

“PTAB should take no action until an investigation is complete,” Pritzker’s communications director Emily Bittner told the Sun-Times. “In general, it would be entirely inappropriate for a legal decision on a property tax appeal to be impacted by any of the conduct alleged in this complaint, including allegations of political motivations improperly driving the decision-making.”

Fighting the appeal is the Cook County state’s attorney’s office, who said the tax cuts could cost taxpayers $1 million. Half of the million would come out of the Chicago Public Schools and an additional 20 percent would come from the city of Chicago.

The complaint also detailed the events leading up to Trump appealing to the state. It claims that hearing officer Simeon Nockov decided that the hotel and retail space had been accurately valued by the Cook County Board of Review for $62.4 million. Trump appealed, and the county agency led by Joe Berrios reduced the property assessment but it still wasn’t enough for Trump, which resulted in Trump appealing to the state and receiving the $1 million tax cut.

The appeal was filed in 2012 by former Alderman Ed Burke.

“The administration is determined to get to the bottom of what happened in this situation and will ensure that a thorough investigation is conducted,” Bittner told the Sun-Times. [Sun-Times]Jacqueline Flynn


Related Articles

arrow_forward_ios
Cook County Board President Toni Preckwinkle said homeowners will be given a two-month reprieve on late-payment interest penalties. (Preckwinkle by KAMIL KRZACZYNSKI/AFP via Getty Images; iStock)

Cook County throws lifeline to homeowners struggling with mortgages

Cook County throws lifeline to homeowners struggling with mortgages
Gov. J.B.  Pritzker and State Rep. Allen Skillicorn (Credit: Pritzker via Tyler LaRiviere - Pool/Getty Images; Rep. Allen Skillicorn; iStock)

Is property tax relief on the way?

Is property tax relief on the way?
Illinois Gov. J.B. Pritzker (Credit: Paul Natkin/Getty Images)

Pritzker extends stay-at-home order through April

Pritzker extends stay-at-home order through April
Governor J.B. Pritzker (Credit: Pritzker by Joshua Lott/Getty Images)

Construction is still “essential business” in Chicago despite a halt in NY

Construction is still “essential business” in Chicago despite a halt in NY
Cook County Board of Review Commissioner Michael Cabonargi and Cook County Assessor Fritz Kaegi (Credit: Facebook, Cook County)

Cook County Board of Review slashes Kaegi’s commercial property assessments in 7 northern townships

Cook County Board of Review slashes Kaegi’s commercial property assessments in 7 northern townships
SEC chair Jay Clayton (Credit: Getty Images)

SEC investigating financially troubled housing nonprofit

SEC investigating financially troubled housing nonprofit
Ald. Andre Vasquez (40th) and 5500 N. Wolcott Ave. (Credit: Google Maps)

Ald. Vasquez says Temple Steel campus won’t give way to luxury housing

Ald. Vasquez says Temple Steel campus won’t give way to luxury housing
Wolf Point East at 313 W. Wolf Point Plaza and Nema Chicago at 1210 South Indiana Avenue (Credit: Hines, Nema Chicago)

Over 10K new apartments could flood Downtown Chicago by 2022. But there’s a catch

Over 10K new apartments could flood Downtown Chicago by 2022. But there’s a catch
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...