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

1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Freddy
4 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 »

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check all you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

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.”

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE