The estimated value of City of Chicago real property has grown 62.3% since its trough in 2012 and property in the North Triad by 46.4% and the South Triad by 40.6%.
If these numbers aren’t inflation adjusted, they’re meaningless.
OldJarHead
4 years ago
LOL! Where is the Ministry of Truth!
Susan
4 years ago
The EAV of Woodstock Illinois still remains more than15% below pre-crash peak.
This can be attributed to property tax rate capitalization: Woodstock D200 school district, the municipality, and McHenry County maintain spending which keeps Woodstock property tax rates between 3.5%-4.8% of full fair market value.
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.
If these numbers aren’t inflation adjusted, they’re meaningless.
LOL! Where is the Ministry of Truth!
The EAV of Woodstock Illinois still remains more than15% below pre-crash peak.
This can be attributed to property tax rate capitalization: Woodstock D200 school district, the municipality, and McHenry County maintain spending which keeps Woodstock property tax rates between 3.5%-4.8% of full fair market value.
Here’s an old article from Rockford about how TIF’s have negative value due to property values depreciating for years now.
https://therockfordblog.wordpress.com/2013/10/08/those-troublesome-tifs/