Property Taxes

Illinoisans still waiting for home values to return to pre-recession levels – Average Illinois home prices are still 12 percent below their pre-Great Recession peak. That’s the 7th-worst recovery in the nation.

Illinois’ lethal combination: Rising property taxes and stagnant incomes – In 2017, 6.73 percent of household incomes went toward property taxes. That’s up 55 percent compared to 2000.

Toilets and skyscrapers: How Chicagoland’s elite push their property tax bills onto ordinary residents – Chicagoland’s elite know exactly how to pass the property-tax buck onto other unsuspecting residents. That’s left many lower-income homeowners footing ever-larger tax bills.

Sticker shock: Some New Trier residents stunned by property assessments –Some New Trier Township residents were stunned to see the assessed value of their homes jump by as much as 40, 60 or even 100 percent this year.

Leaving Illinois: How simple math chased away a village mayor and his family – Illinois’ failed policies discriminate against no one. People are being forced to do what’s best for their families. And if that means leaving, they’re doing it. 

Leaving Illinois: One family’s math – Illinoisans don’t like how they’re being disrespected by their politicians: paying ever-higher taxes for ever-fewer services. So they leave.

Three Chicago Fed Economists Say They Know How To Tax Illinoisans Fleeing Pension Liabilities – They say just confiscate wealth from current owners because they will pay, whether they stay or not, through an immediate reduction in home value.