March 23, 2019
Illinois Strangling Property Owners
Timothy Birdnow
Warner Todd Houston forwards this. If you wonder why people are fleeing Illinois...
From the article:
These are communities just outside of Chicago.
And, in typical liberal fashion, the state of Illinois - or at least the neckless mafiosa governor J.B. Pritzker - is considering raising taxes, to further decimate the tax base.
Word on the street is that Illinois is going to secede from the United States and apply for admission to Honduras...
Warner Todd Houston forwards this. If you wonder why people are fleeing Illinois...
From the article:
The effective property tax rate, or the percentage of your home’s value that you pay in property taxes each year, averages 2.31 percent in Illinois, three times the 0.87 percent tax rate in neighboring Indiana, according to WalletHub.com.
Across the nation, the average tax rate is 1.3 percent.
Of the 37 Will County communities surveyed by LGIS, 24 have effective property tax rates higher than the state average. University Park topped the list with a 6.36 percent tax rate, Park Forest was second at 5.40 percent and Aurora came in third with a 3.84 percent rate. (The South Cook County side of Park Forest had a staggering 7.51 percent tax rate.)
In Aurora, Christine A. Summers recently lost her home at 1036 Lakestone Lane to foreclosure. Summers purchased the home in 2006 for $269,500, or $342,844 in today's dollars.
While she owned the home, she paid $79,116 in property taxes. The lender is asking $309,900 for the four-bedroom, three-bath home. Should it sell for that price, the effective property tax rate would be 25.52 percent.
Across the nation, the average tax rate is 1.3 percent.
Of the 37 Will County communities surveyed by LGIS, 24 have effective property tax rates higher than the state average. University Park topped the list with a 6.36 percent tax rate, Park Forest was second at 5.40 percent and Aurora came in third with a 3.84 percent rate. (The South Cook County side of Park Forest had a staggering 7.51 percent tax rate.)
In Aurora, Christine A. Summers recently lost her home at 1036 Lakestone Lane to foreclosure. Summers purchased the home in 2006 for $269,500, or $342,844 in today's dollars.
While she owned the home, she paid $79,116 in property taxes. The lender is asking $309,900 for the four-bedroom, three-bath home. Should it sell for that price, the effective property tax rate would be 25.52 percent.
These are communities just outside of Chicago.
And, in typical liberal fashion, the state of Illinois - or at least the neckless mafiosa governor J.B. Pritzker - is considering raising taxes, to further decimate the tax base.
Word on the street is that Illinois is going to secede from the United States and apply for admission to Honduras...
Posted by: Timothy Birdnow at
09:15 AM
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