Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Remember, it costs money to have a losing team. You’ve entered a deal with chiselers!
Property tax isn’t a ‘deal’. It is not supposed to be a negotiation.
Illinois law requires all real property to be assessed at ‘fair market value’.
Then, the prevailing property tax rate (derived by dividing levy by total taxable property value subject to levy) is applied to assessment to arrive at property tax bill.
Illinois residents should quickly understand that property taxes are not supposed to be political or subjective: they are a mathematically-derived monetary obligation of property owner.
The property is taxed, not the owner.