PPF thinks taxes have to go much higher to support the overly generous pensions.
FJB
3 years ago
It’s worth noting condos pay a lower rate than SFH. They are only paying 1.6% where a SFH is assessed at 2.0%. Yet they go to the same schools, use the same roads, call the same PD/FD and expect the same level of service from the city. Homeowners could see a marked reduction in the property taxes if condo owners would start paying the same rate.
My research (based on small, statistically insignificant sample sizes) and experience in recent years indicate condos don’t pay lower PT rates than SFHs.
Go to cook county treasurer web site to see tax bill, then go to cook county assessor to see value for dwellings in your neighborhood. that’s exactly what I did before I made that post.
If you do the math by square foot SFHs are getting a bargin. Let’s just agree that property taxes in Illinois are high relative to the rest of the country.
Poor Taxpayer
3 years ago
Illinois highest taxes and not the Change of a Nickel. Overly generous pensions is the cause.
Taxes will double every 5 years for the next 50 years. The cash flow is so short taxes have nowhere to go but up, up and away. Want a Chitty of Chicago cop, call the Punta Gorda, Fl yacht club.
Da Judge
3 years ago
Illinoisans, you are tax mules for the public sector unions.
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.
PPF thinks taxes have to go much higher to support the overly generous pensions.
It’s worth noting condos pay a lower rate than SFH. They are only paying 1.6% where a SFH is assessed at 2.0%. Yet they go to the same schools, use the same roads, call the same PD/FD and expect the same level of service from the city. Homeowners could see a marked reduction in the property taxes if condo owners would start paying the same rate.
My research (based on small, statistically insignificant sample sizes) and experience in recent years indicate condos don’t pay lower PT rates than SFHs.
Go to cook county treasurer web site to see tax bill, then go to cook county assessor to see value for dwellings in your neighborhood. that’s exactly what I did before I made that post.
If you do the math by square foot SFHs are getting a bargin. Let’s just agree that property taxes in Illinois are high relative to the rest of the country.
Illinois highest taxes and not the Change of a Nickel. Overly generous pensions is the cause.
Taxes will double every 5 years for the next 50 years. The cash flow is so short taxes have nowhere to go but up, up and away. Want a Chitty of Chicago cop, call the Punta Gorda, Fl yacht club.
Illinoisans, you are tax mules for the public sector unions.
Vote with your feet and leave Taxistan!!