Article

Tax Freeze Helps Preserve Pilsen

Posted  by Elizabeth Duffrin.

Nov. 17, 2008 - Pilsen resident Omar Vega expects to save thousands of dollars in property taxes over the next 12 years in exchange for renovating his historic four flat on West 17th Street.

Vega is among the first in his neighborhood to qualify for a property tax freeze since Pilsen was added to the National Register of Historic Places in 2006. Property owners within the Pilsen Historic District -- which stretches between Halsted Street and Western Avenue, from 16th Street to Cermak Avenue -- can earn tax benefits for renovations that preserve their buildings' historic value.

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