Ted joined Tom Miller of WJPF to talk about Illinois’ highest-in-the-nation property taxes, why lawmakers don’t want to touch the tax’s cost drivers, just how much Illinoisans’ tax burden has grown over the decades, why Gov. Pritzker failed to meet his promise to reform property taxes, and more.
In Woodstock IL, McHenry County, our property tax rate has ranged around 4% for a decade.
Our home values decline annually relative to home values all over Illinois and America.
Chicago has enjoyed artificially high home values due to their artificially low property tax rates (~2%).
Chicago property tax rates are artificially suppressed as a function of borrowing, rather than taxing for, operating expenses of schools and government operations.
Because of suppressed tax rates in Chicago property values increased compared to our very high taxes in Rockford which decreased due to high tax rates. Example my sisters home in Chicago’s Lincoln Square was valued at $140K in 1991 now just over $500K but could get $650K minimum. Her taxes were about 1% of value for a long time. Now just under 2%. She pays approx $9,300 now but same value home in Rockford would be close to $22K with no appreciation in value if purchased within the last 15 years or so. One of the main problems in Rockford… Read more »
I cannot feel sorry for all these peeps from Chicago who vote the same clowns in office again and again!
Ald Beale is right the forever tax never again will they have to take a hard vote on property taxes as they will just go up every year
A lot of people drive six mph over the speed limit. If you don’t live in Chicago but drive in it for whatever reason, you’ll be less likely to drive there if you’re getting these speeding tickets. That means there will be less people driving to Chicago to buy goods and services, resulting in lost revenue for Chicago. Did the Chicago pols consider this? Also, do you want to be driving in an area where you’re constantly stressed about getting a speeding ticket for slightly exceeding the speed limit? These pols in Chicago and IL continue to make these areas… Read more »
The south and west side Lori and Biden supporters will not pay the tickets and Lori will issue amnesty like she did with water bills. So it’s a big zero. These constant freebies to tge south and west side is how Lori is going to get re-elected.
Stop complaining and run for mayor! What a grouch! ☹️
You are obviously a blm antics supporter. Lori has destroyed Chicago because she gave into the mob. And you are too stupid to get it. Typical dummycrat idiot.
Chicago has been dying slow, mini deaths dating back to Daley I. Lori nailed the final coffin with lootings and thugs, but that dates back to Daley 2.
Not everyone votes Democratic or is stupid. Are you running as Republican? I hope so.
The Chicago city council is now controlled by the blm terrorist organization and their leader is Sophia King. The looting and wildings ruined the loop and mag mile because the black caucus knows that have to pander to the predators in exchange for votes.
There have been heinous crimes committed in those and other areas going back to 2000. ☹️
Yes, they considered it. Don’t forget the 10% Chicago sales tax
People avoid Chicago, to avoid muggings and being murdered. ☹️
Sophia King has voted for and was instrumental in a move to defacto defund the police by eliminating 600 sworn positions. This was put into Lightfoot’s budget to cater to the anti cop pro blm Antifa domestic terrorist organization which King fully supports in spite of them injuring 49 brave police officers at the Columbus statues. King and her staff were solidly behind the removal of the statues to pander to blm Antifa. Also after the statue riots King believes Jamal Green “is a fine young man who cares about his community “ and he blocked traffic for 4 hours… Read more »
There time will come.
Come out of moms basement coward.
You’re a smart dude. Is Donald Trump winning or losing?
So have the social workers on the south and west sides and be done with it.
Waste of money. We need more police and mandatory jail sentences for all gun crimes.
The only true punishment for gun crimes (really evil murderers) is the death penalty. ?