unless you rent, you’ll be stuck with property taxes.
Huh?
unless you rent, youll be stuck with property taxes.
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The property owner(s) have to pay property taxes, so that is rolled into what the renters pay each month.
Only difference is that renters don’t get a deduction from the Fed or State income tax returns.
“unless you rent, youll be stuck with property taxes.”
That, and the IL government will go to what CA’s did.. play robber baron vs. millionaires and create fees for nearly everything but breathing (and likely they’re working on that one too).
Unfortunately, the landlord will pass as much of the real estate tax increase on to the tenants in the form of higher rent, like any other expense. And if all the competing landlords get hit with higher taxes, they will perform in unison by raising the market rental rates.
Renters pay Property Taxes - it’s called RENT.