"Illinois’ high tax burden coupled with record-high inflation are the major reasons that Senate Republicans continue to push for relief for Illinois families. Last week, Republican Senators made another public push for their measures that would provide Illinoisans with savings on food, drugs, childcare, and energy costs."
Not nearly high enough to cover the Pension Time Bomb. Doubling taxes for years to come. Billions of dollars in debt to the free loaders.
Susan
3 years ago
Woodstock Illinois residents (median household income/median priced homes) pay over 10% of income in property taxes alone. Woodstock property tax rate is 3.6% of full fair market home value. Illinois discrete regions’ property tax rates are highest in nation individually. Illinois property tax rate being second to New Jersey is only due to averaging high tax rate regions (all collar counties, most of Illinois outside Chicago) with Chicago’s relatively lower rates. TIF coverage of most Illinois municipalities ensure that property tax rates can only rise, as TIF properties create massive new social service cost burden which is, by law, to… 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.
Not nearly high enough to cover the Pension Time Bomb. Doubling taxes for years to come. Billions of dollars in debt to the free loaders.
Woodstock Illinois residents (median household income/median priced homes) pay over 10% of income in property taxes alone. Woodstock property tax rate is 3.6% of full fair market home value. Illinois discrete regions’ property tax rates are highest in nation individually. Illinois property tax rate being second to New Jersey is only due to averaging high tax rate regions (all collar counties, most of Illinois outside Chicago) with Chicago’s relatively lower rates. TIF coverage of most Illinois municipalities ensure that property tax rates can only rise, as TIF properties create massive new social service cost burden which is, by law, to… Read more »
Susan,
My property tax rate in CO is 0.6%.
Maybe time to move west?!
Da Judge