Math. It's far too complicated for liberals. That's why they loved Obamacare.
Posted on 08/21/2017 1:52:22 PM PDT by george76
Illinoisans already pay some of the highest, if not the highest, property taxes in the nation. An analysis of the past 15 years shows that property taxes are growing far faster than residents’ ability to pay for them.
Between 2000 and 2015, the total property taxes Illinois local governments collected doubled.
Household incomes in Illinois, in contrast, only grew 31 percent over that time period.
Because taxes have grown so much faster than income, the burden property taxes impose on Illinoisans has grown significantly.
In 2000, property taxes consumed 4.4 percent of household incomes. In 2015, property taxes consumed 6.7 percent of income – that’s up 55 percent from 15 years ago.
...
According to a 2017 WalletHub report, Illinoisans pay the nation’s 2nd-highest effective property tax rates, or the percentage of a home’s value its owners pay in property taxes, ranking just behind New Jersey.
Illinoisans pay almost $4,000, in property taxes each year, far more than what residents in neighboring states pay.
And unfortunately, Illinois’ high property taxes are not being spent effectively. They aren’t funding stellar services and efficient governments.
...
Property tax burdens are high across Illinois, but residents in Cook and the collar counties are stuck with the highest taxes and the biggest burdens.
Residents in Lake County face the largest property taxes in the state. In 2015, property taxes consumed 9.4 percent of the county’s median household income.
(Excerpt) Read more at illinoispolicy.org ...
Someone has to pay for those gold plated pensions.
If they started voting out all incumbents, and kept it up until property taxes were reduced, the problem would be solved.
But voters never do this. That’s why politicians are so shamelessly corrupt.
I love it every time govy says we need a tax increase because the last one was, say 20 years ago. Wrong! They get their proportionate increase every time my property increases value, goods and service increase in cost, and my salary goes up. But some people are more easily snookered than others when the politicians cry “we need a raise”. Obviously the people of Illinois need to be more careful who they vote for.
Yes...in the end, that’s what it is ALL about. Every city clerk & meter-maid must retire with millions. These city jobs should have stayed “mother’s helper” jobs....and the homes of citizens should not have turned into ATM machines to plunder.
And just to make it all better, the income tax increase came from Democrat efforts to balance the budget. The state will still have to borrow money in order to actually balance the budget, but that is a trick that has been going on in Illinois for several years.
If the grandchildren weren't here, it would be time to move out. But, first things first.
Democrats need dead and imported illegal voters.
Say what you want about California, they got Property Tax figured out. A public supported proposition (13) was passed which limits by how much property taxes can be raised each year. I currently pay $1,200 a year. True it goes up a little each year but as long as Prop 13 is in effect, I will not face any surprises when I open my tax bill.
I have been thinking about how our nation was founded on the idea of “no taxation without representation”. I am starting to think that it will end with “representation without taxation”...
Somebody’s gotta pay for all those sinecures..................
That’s a good point.
People in IL don’t seem to mind the highest taxes in the nation: probably see it as a status symbol. Ol’ Ev Dirksen knew how liberal they were even in the 1960s, but now the deluge is here.
Taxation WITH representation ain't so hot, either.............
They're funding vacation/retirement homes in Door County, WI for Chicago school teachers.
I actually meant to say “no taxation with representation”. Romney’s 47%...
Politicians gleefully tax just about everything conceived of by human beings. Ever higher taxes are never enough for them. They are rarely, if ever good stewards of public monies. Instead, almost without exception they are rampant spendthrifts and make sure public monies enrich themselves, their families, close friends and big donors. They don’t give a rat’s arse if Joe and Jane Doe can afford taxes or not. We are all in debt to government in one way or another with no hope of ever getting out from under. Yet all politicians do is piss on all of us.
That’s exactly the situation that resulted in Prop 13 passing in California.
Poor thinking.
A lot of us were pointing out the eventual consequences of all these pensions decades ago. The newspapers in Tulsa expounded upon the subject often in the sixties and seventies.
State Republican administrations still over hired and raised wages to unsustainable levels just like Democrats.
In some aspects the Uniparty has held away since the Post WWII boom.
One group of property taxpayers that actually sees their property tax bills are (usually) senior citizens who have paid off their mortgages in full.
They are often retired and therefore have the ability to move out of state without affecting their job situation.
More and more baby boomers will be joining this group every year.
What could possibly go wrong? ;-)
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