New Report: Illinois Property Taxes Among Highest in Nation – Civic Federation

Local governments in Illinois rely on the property tax to fund everything from debt to pensions to day-to-day expenses. In tax year 2020 total property tax extensions for all taxing districts in Illinois were $33.8 billion, the majority of which—$20.8 billion or 61.5%—was for school districts.
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Old Joe
1 year ago

In Illinois you pay for your house twice. Once for the mortgage and once for property taxes.

Goodgulf Greyteeth
1 year ago

“Illinois Property Taxes Among Highest in Nation – Civic Federation”
Really? Why, you must be kidding. I’m shocked. When did this start happening?

Susan
1 year ago

Another relevant metric by which to measure the stunningly high property taxes in Illinois: property tax as a percentage of household income. In Woodstock Illinois the 3.6% property tax rate demands about 10% of household income. All across America, households spend less than 4% of income on property taxes. That extra 6% of household income demanded in Woodstock (primarily due to profligate spending by school district, and vast TIF coverage of commercial real estate in Woodstock) puts families to the choice: choose to keep your house or your family pet. Choose between keeping your house or saving for retirement/college. And… Read more »

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Gov. Pritzker is using the threat of budget cuts to get more tax hikes passed – Wirepoints joins Tom Miller of WJPF Carbondale

Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.

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