Property Taxes

It’s not just property taxes Illinoisans should be worried about. It’s their home values, too. – A review of median home values across the nation found that Illinois ranked 45th in median home value growth between 2005 and 2017.

New Data: Subpar Home Appreciation Has Cost Illinoisans a Quarter-Trillion Dollars Over Ten Years – That’s $1.3 million for every mile from here to the Moon.

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.

Chicago’s south suburbs struggle under Springfield’s continuing neglect – Places like Harvey in Chicago’s south suburbs no longer function for the residents that live there.

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.