Column: The pros and cons of tying property taxes to inflation – Chicago Tribune*

David Greising, executive director of the Better Government Association: "To see how badly that can go, consider what has happened since Illinois in 1989 committed to a 3% annual hike to retiree pension payments. Three decades later, the state’s inability to keep up with compounding costs has helped deliver nearly $140 billion in pension underfunding."
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Freddy
3 years ago

I still don’t understand how/why the value of your property determines the tax you pay for services that are exactly the same for everyone with different home values? You do not get more in services if you have a more expensive home than someone with a less value.
What if gas prices are determined by the value of your auto? Many people have $40 thousand and up vehicles but they pay the same as someone with an older cheaper car. There would be outrage.

The Truth Hurts
3 years ago
Reply to  Freddy

Couldn’t agree more. If anything more expensive homes on a similar size lot most likely require less services from the city not more. Statistically I would think these homes are more likely to send any children to a private school. Since about 70% of property taxes are used for education I would think this would help reduce costs. As far as gas prices, they are made up of the actual cost of the good plus taxes. The reason that taxes aren’t charged based on the value of the vehicle or type of vehicle is because they haven’t figured out an… Read more »

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A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign

“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”

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