Double-digit property tax hikes put squeeze on home resale values – Loop North News

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Freddy
6 years ago

Here in Rockford we have had double digit property tax hikes a couple of times but not double digit home values. We are up 6% for 2019 and 2018 about flat for most. Before that mostly negative for many years. They should talk to me when tax rates approach that of Rockford (14.27% on 1/3rd value or about 4.25% of total) and I’ll give them an ear full. For example a $469K home here tax’s are $21,495.37 and an equal value home in zip 60625 Lincoln Square are about $9Kless than 1/2. Now they will see that when tax’s rise… Read more »

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