Harvey Woman Was Set To Buy The House She’s Renting, Until Property Tax Bill Suddenly Skyrocketed – CBS2 (Chicago)

Juggling three jobs, Joyce Henderson entered a rent-to-own agreement earlier this year for the house where she lives in Harvey. She pays the mortgage and taxes with the goal of someday buying the newly-remodeled house. Cook County records show the tax bill the past few years was about $2,500. But the 2020 bill – the first bill since Henderson moved in – more than doubled to $6,500.
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mmack
4 years ago

“That means the old valuation was really way too low,” he said. “One of the facts about Cook County, sadly for the past years if not decades, is that the property valuations have been so bad – they were so out of whack, the values – that as the new assessor is trying to correct them, sometimes it results in really big changes in the value.” As someone who used to live in Will County and took it up the shorts with property taxes before I left Silly-nois, I say GOOD, It’s about time Cook County started paying their fair… Read more »

The Paraclete
4 years ago

Smart move. Home ownership in Cook County and Illinois is not an investment, it’s a lifelong obligation to feed pigs!

BB
4 years ago

Leave chicago and cook county- you will be thankful!

debtsor
4 years ago

Rent-to-own is a scam. Looks like she dodged a bullet.

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