Funding for quality public services has suffered because of Illinois’ rampant pension growth, which crowds out funding for key services. Since 2000, pension spending is up 584% while vital services have suffered or dropped.
A few years back here in Rockford property taxes were 6-7 times higher than in CO. Tax rate was 15.25% on 1/3rd value. The taxes were higher than the mortgage and still are in most cases. In the neighborhood where my rental is taxes average around $7,500 on a $200K home. A few blocks away taxes are over $10K with some at $14K on a $370K value. Insane!
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
If there were no state income tax, I would say property taxes deliver value. But our property taxes are even higher than states with no income tax.
Actually they do deliver value to unionized government employees bloated salaries and early retirements with paid health care.
Old Joe,
You got that right.
IL property taxes are 4 times as high as my property taxes in CO.
IMO its all a massive racket by the Dems and their masters the Illinois public sector unions!!
My old shack in Detroit is currently $2200 per year! Yep, you read that right and it’s one thing I miss besides cheaper gasoline.
A few years back here in Rockford property taxes were 6-7 times higher than in CO. Tax rate was 15.25% on 1/3rd value. The taxes were higher than the mortgage and still are in most cases. In the neighborhood where my rental is taxes average around $7,500 on a $200K home. A few blocks away taxes are over $10K with some at $14K on a $370K value. Insane!