America’s new great migration in search of lower property taxes – MarketWatch

A must-read for anybody following Illinois' fiscal crisis. If nothing else destroys us, property taxes will.
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Bob Out of here
8 years ago

After 21 years in the city proper, I decided it was time to bail. I know what’s coming starting in 2020, based on the pension ramp. I moved to SW Ohio, and I’m in a city. There’s an old farm a mile and a half from my apartment, very nice house circa 1845. 36 acres total, yet property tax bill is only 11.3K per year.

8 years ago

The problem is that when liberals escape the chaos they created in one state they move to another state and keep voting for liberalism. And then chaos is embedded in their new state. Pretty soon there won’t be any states to escape to.

NB-Chicago
8 years ago

dynamite map. look at how low prop taxes are in indiana right across border, and next door lake county-$1,792 avg. know quite a few nw indiana folks w commute into chicago daily or work remote.

Freddy
8 years ago

This could be by design. Raise taxes so you cannot afford to stay in your home. Sell cheap. Move somewhere else. Then someone gets a bargain. Then assessor reassesses home . Then raise taxes some more. Then sell cheap or lose home. Raise taxes more. Repeat. This is after all Illinois. Just a forced redistribution of wealth.!!!!

Paul
8 years ago
Reply to  Freddy

Now they want to quadruple gas taxes and license fees for cars and trucks. So it gets too expensive to have a car, how will yo leave?

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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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