The Kaegi effect: Good for homeowners, bad for landlords – Crain’s

Now, with taxes calculated, we know the true impact of the Kaegi effect: The average residential property tax bill in municipalities in north and northwest suburban Cook rose just 1.1 percent this year from 2019, according to the Cook County Treasurer’s office. The average bill for commercial and industrial properties rose 15.8 percent.
7 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Poor Taxpayer
6 years ago

The Greed of the Public Employee has DESTROYED THE QUALITY OF LIFE for the honest hard working taxpayer.
$100,000 plus pensions are the norm for a full term pension.
Living the life of Luxury in Florida at age 45 paid for by the smock’s of Illinois.
Government employees do not work for you, you work for them
Illinois “Land of Slavery”

Tom
6 years ago

Remind me again why a business would want to open up in this state? This is not a good sign. Clearly unsustainable… but all we hear is “balanced budget, moving in right direction, great until Covid came”. How many businesses will this force to close?? 16% on average!!!! Are you kidding me!!!! Mark/Ted – How long until it’s game over for this fraud? I want to stay but it’s getting harder and harder to not see the writing…

Indy
6 years ago
Reply to  Tom

Staying in Illinois is just asking to have your family’s lives ruined.
Either leave the state or enjoy the suffering. Nobody is forced to remain in Illinois.

debtsor
6 years ago

My bill went up only 2.5% even though my assessed value went up 10%. I’ll take it.

Aaron
6 years ago
Reply to  debtsor

Debtsor,
you may “take it”. Many, many won’t. That increases the burden on you. But, you can afford it.

debtsor
6 years ago
Reply to  Aaron

If a homeowner can’t afford a $200 a year increase in property taxes, then a homeowner shouldn’t be owning a home. That’s less than my weekly grocery bill. Most of the reduction came from local entities in my conservative area trying to keep the bill low. The only increase was the school district as a result of a bond referendum.

Last edited 6 years ago by debtsor
Poor Taxpayer
6 years ago
Reply to  debtsor

Getting rid of Herpes is easier than trying to sell a home in Illinois.
The Greedy Government has taxed away all the equity and then some.
Illinois “Land of Slavery”

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE