Freeze Property Taxes NOW or Illinois Homes Will Become Roach Motels – WP Original

  By: Mark Glennon*   A tipping point is at hand in Illinois. It’s the point when potential homebuyers conclude they’ll never cash out whole because of increasing taxes and declining values:  Buyers can get in but can’t get out — a Roach Motel. A buyers’ strike can follow, speeding the spiral downward.   Excessive property taxes are driving the potential disaster. A property tax freeze is essential, immediately, to head it off.   The evidence starts with effective property tax rates for towns and cities around Chicago, where the problem is most acute. Effective rates are the simple percentage

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