Gov. JB Pritzker was joined by the Illinois Housing Development Authority and local elected officials in Chicago Friday to promote the Illinois Emergency Homeowner Assistance Fund for struggling homeowners.
“Taxpayer sponsored bailout for government sponsored disaster.”
FIFY
Freddy
4 years ago
Of course no mention that high property taxes in many areas especially in Ptell counties contribute to the inability to keep up with mortgage payments. In my area (Rockford) over 50% of the mortgage goes toward property taxes so how do you build up equity or even a savings account. 60% of the taxes goes to the school district. How do you keep up with repairs when prices for everything are up? Just got my tax bill and it’s up just a little to over $7,200 even though the property tax rate went down to 12.2563% from 12.8584% on 1/3rd… Read more »
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.
“Taxpayer sponsored bailout for government sponsored disaster.”
FIFY
Of course no mention that high property taxes in many areas especially in Ptell counties contribute to the inability to keep up with mortgage payments. In my area (Rockford) over 50% of the mortgage goes toward property taxes so how do you build up equity or even a savings account. 60% of the taxes goes to the school district. How do you keep up with repairs when prices for everything are up? Just got my tax bill and it’s up just a little to over $7,200 even though the property tax rate went down to 12.2563% from 12.8584% on 1/3rd… Read more »