Orphe Divounguy: How Illinois could benefit from a Midwestern revival – Crain’s*

Today’s affordability crunch in expensive coastal cities creates an opportunity for the Midwest. The trouble in Illinois is that when you add property taxes to the cost of housing, the state is no longer on par with its Midwestern neighbors. In 2022, Illinois had the second-highest property tax rate in the country. Altogether, Illinois ranks fourth in the country for the highest tax burden on residents when accounting for all state and local taxes—higher even than California, the state with the highest income taxes in the country.