Obama's property taxes up only 1 percent

CHICAGO, Oct. 30 (UPI) -- Property taxes on President Barack Obama's tony Chicago home bumped up only 1 percent this year, figures released by the Cook County assessor show.

The president and Michelle Obama will pay real estate taxes of $22,456.43, just $223.09 more than they paid last year, the Chicago Sun-Times reported Friday.

The hike is well below the median increase of 9.6 percent for Chicago homeowners, the newspaper says.

Chicago politicians who fared better than average this year include Mayor Richard Daley, whose tax bill is up just 3.52 percent for his South Loop townhouse.

Cook County Board President Todd Stroger must pay only 3 percent more in real estate taxes for his Avalon Park bungalow.

Illinois Gov. Pat Quinn got hit with the biggest increase -- a 13 percent hike in property taxes for his home on Chicago's Northwest Side