How Much Illinois Homeowners Pay in Property Taxes Each Year – 24/7 Wall Street

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Freddy
4 years ago

Rockford is around 4% of value and for a time was over 5%. Values have gone nowhere except for last year. Many home values are still within a few dollars of value from 1992. So how does someone move from here and go where values have risen steadily because of low property taxes for decades? This is nothing short of being Theft of Equity by Excessive Taxation.

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