Chicago, Fresno, China, Greece

According to the Cook County Clerk's office, tax rates are up for schools, park districts, municipalities and other government bodies. Some of those tax levies have made double-digit increases in tax rates.

The property tax reality was setting in with Markham homeowner Patricia Taylor on Wednesday.

Asked if she can keep her house after receiving an $8,100 property tax bill, Taylor said, "I don't know right now. It's bad right now, it's really bad."

That's because her property tax bill for her three bedroom, one bathroom house shot up from $6,400 last year to $8,100 this year — a whopping 27 percent jump. Yahoo 

Political leaders making long term promises based on medium term assets.