The reporter in this story most likely did not include that there are 2 different tax rates in Rockford within the city limits. They are city with a tax rate of 10.3834% and county with a 8.7268% rate. The average taxes paid as he stated include a variety of exemptions like homeowners/senior/veteran/etc. So for the higher city rate the taxes on the $140,300 home with homeowners is $ $4,076.66 and if the home is in the county portion within the city limits taxes are $3,557.62. That means that taxes are around 3% of value for city and 2.46% for county.… Read more »
Fed Up Taxpayer
1 year ago
Why don’t we just back up and address how Illinois has some of the highest real estate taxes in the country and this is just one more symptom of a reckless legislative body that needs intervention? This will be fixed soon enough – Rockford and Peoria will see their property values “increase”. Problem resolved!
Frank Miller
1 year ago
United States Constitution, Section 9.
“No Capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or enumeration herein before directed to be taken.”
Freddy
1 year ago
All thanks to Ptell. Taxing bodies will never get less than what was levied the year before regardless of home/property values. Never.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
The reporter in this story most likely did not include that there are 2 different tax rates in Rockford within the city limits. They are city with a tax rate of 10.3834% and county with a 8.7268% rate. The average taxes paid as he stated include a variety of exemptions like homeowners/senior/veteran/etc. So for the higher city rate the taxes on the $140,300 home with homeowners is $ $4,076.66 and if the home is in the county portion within the city limits taxes are $3,557.62. That means that taxes are around 3% of value for city and 2.46% for county.… Read more »
Why don’t we just back up and address how Illinois has some of the highest real estate taxes in the country and this is just one more symptom of a reckless legislative body that needs intervention? This will be fixed soon enough – Rockford and Peoria will see their property values “increase”. Problem resolved!
United States Constitution, Section 9.
“No Capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or enumeration herein before directed to be taken.”
All thanks to Ptell. Taxing bodies will never get less than what was levied the year before regardless of home/property values. Never.