Growing property tax burdens make this state unlivable for too many Illinoisans – Wirepoints joins Tom Miller of WJPF Carbondale

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.

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sue
2 years ago

These taxes make no sense ……just like the same lying people still in office saying they want to reform them!!

Leaving Soon, just not soon enough
2 years ago

Pay or move is the only choice. Taxes still going higher, the state is dead broke. Pension liability is over $200 Billion and growing like a cancer. Some of the highest taxes in the nation and nothing to show for it.
Shut up and pay your taxes is an old true saying. Wire Points keeps saying they are trying to make things better, and the result is like peeing in the wind.

Ex Illini
2 years ago

If you think Illinois is dead broke now, wait until the last of the Covid bucks run out this year. Some public entities are still using hundreds of millions to stay afloat this year, hoping that Diaper Joe and the Dems can get a clean sweep and start printing trillions again.

mqyl
2 years ago

When discussing pension debt, people should also include the debt of providing lavish health care benefits to State of IL retirees. That combined debt is closer to $300B; however, I recall a Stanford think tank study saying some years ago the debt was much higher.

Admin
2 years ago
Reply to  mqyl

It’s officially recorded at about $25 billion now, though I do not trust the accounting change they made that shrank the number radically:https://wirepoints.org/changed-assumptions-knock-25-1-billion-off-illinois-unfunded-healthcare-liability-wirepoints/

FJB
2 years ago

$1716 per year for my house valued at 267,000 here in Tennessee.

Daskoterzar
2 years ago
Reply to  FJB

Yep. A friend of mine lives in Fairfield Glade near Crossville. $1,350 annually. Illinois $10,000. Obviously Illinois is out of control.

Daskoterzar
2 years ago
Reply to  Daskoterzar

I forgot to mention, the property values in their area have gone through the roof. The value of his home went from, $350K when he purchased it 5 or 6 years ago to $680K now. Our house in Illinois has only gone up 23% in 20 years.

Honest Jerk
2 years ago
Reply to  Daskoterzar

That doesn’t sound right. Tennessee has low real estate taxes, but the taxes on a 680K home should be much higher than $1,350.

FJB
2 years ago
Reply to  Honest Jerk

Wonder if that’s outside city limits. I looked and it’s a retirement community. I’m sure taxes will go up some on next bill due to Bidenflation.

Old Joe
2 years ago
Reply to  FJB

My old crib just outside of Detroit is only $2100 per year!

Honest Jerk
2 years ago
Reply to  FJB

That’s in line with my Tennesse property tax. Also, Tennessee home values look to be rising again after a year of rest caused by the spike in mortgage rates. Life is good in the Volunteer state but not so much in the Land of Lincoln. I just wish Nashville had the 1st pick in the NFL draft. Oh well, can’t have everything.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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