Property Taxes

Property tax bills come due: Cook County residents will repeat last year’s sticker shock – Wirepoints

Elk Grove Village property tax bills grew 24% in 2023. Des Plaines’ jumped 29%. Northlake, 37%. And homeowners in Melrose Park experienced a near 50% increase. Residents across the Northwest suburbs were hit with the largest tax hike in 30 years – a consequence of Cook County’s revaluation of property values. Overall, Cook County homeowners were hit with a 7.2% increase in their FY 2022 taxes (paid in 2023), the biggest hike in 16 years.

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Johnson approves progressive ‘mansion tax’: Hits Chicagoans, businesses when they’re down – Wirepoints

Mayor Brandon Johnson and city officials are determined to push through a tax hike on Chicagoans, never mind the risk of Chicago entering into a doom loop like the one San Francisco is in. Johnson’s latest plan is to raise the city’s real estate transfer tax on properties valued at $1 million and above, adding at least another $100 million burden on high-value properties.

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Illinoisans aren’t better off under Gov. Pritzker’s budgets, economy – Wirepoints

The real measure of success isn’t what the governor says it is, but rather how the state’s residents are faring under his leadership. And that, by most measures, has been a failure. Fewer people are employed today than when Pritzker took office. Illinois’ economic growth is stagnant, at best. Tax burdens are higher than ever. And residents are fleeing in record numbers.

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Gov. Pritzker deserves no credit for his ‘taxpayer relief’ plan – Wirepoints

Just in time for the elections, Illinois Gov. J.B. Pritzker is set to send out income and property tax rebate checks as part of his $1.8 billion “taxpayer relief” plan. The problem is, none of what the governor is offering is real relief for struggling Illinoisans. Instead, it’s just Pritzker giving back a few hundred dollars after stripping Illinoisans of thousands.

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Thirty years of pain: Illinoisans suffer as property tax bills grow far faster than household incomes, home values – Wirepoints Special Report

Any way you cut them, the residential property taxes Illinoisans pay are punitive. As a share of household incomes, they’re up more than 60 percent compared to three decades ago. As a percentage of home values, Illinois property taxes are now the highest in the country. And as for their impact on house prices, property taxes have contributed to Illinois suffering the nation’s third-worst growth in home values over the

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