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Growing out of control: Property taxes put increasing burden on Illinois taxpayers
Illinois Policy ^ | December 21, 2015 | Erik Randolph, Ted Dabrowski, John Klingner

Posted on 12/22/2015 1:07:05 PM PST by george76

Property taxes are the single largest tax in Illinois, burdening residents far more than either income or sales taxes.

...

what is not as well known is that property taxes are outpacing residents ability to pay for them. Over the past 50 years, whether measured in comparison to household income, economic growth, population or inflation, all classes of property taxes - residential, commercial, industrial, etc. - have placed an increasingly unaffordable burden on Illinoisans. Since 1963, Illinois property taxes have grown 2.5 times faster than inflation and 14 times faster than the state's population.

...

This long history of growth has resulted in an average effective property-tax rate of 2.32 percent in Illinois - the second highest in the nation, behind only New Jersey.2 And with the Chicago City Council's passing a record property-tax hike on Oct. 28, Illinois will be in competition for the highest property taxes in the country.

...

Although all property owners (residential, commercial, industrial, etc.) are paying more in property taxes now than they were 20 years ago, even after adjusting for inflation, the overall tax burden has increasingly fallen more heavily on residential property owners. Twenty years ago, residential taxpayers paid 52 percent of all property taxes. Today, they pay over 64 percent.

...

the biggest driver of property-tax growth throughout Illinois has been property taxes that fund schools, which constituted 63 percent of all property taxes in 2013.

(Excerpt) Read more at illinoispolicy.org ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Government; News/Current Events; Politics/Elections; US: California; US: Illinois; US: New Jersey; US: New York
KEYWORDS: illinois; illinoistaxpayers; propertytaxes; taxes; taxpayers
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To: EQAndyBuzz

Not surprised at all.


41 posted on 12/22/2015 2:31:13 PM PST by stephenjohnbanker (My Batting Average( 1,000) since Nov 2014 (GOPe is that easy to read))
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To: george76

Guess what? That is what happens when you vote democrat.


42 posted on 12/22/2015 2:37:00 PM PST by amnestynone (Political Correction is a tactic based social intimidation to suppress opposing views.)
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To: SpaceBar

You are absolutely right. Private ownership of land, fundamental to the founding of this country, is illegal now.


43 posted on 12/22/2015 2:39:02 PM PST by skeeter
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To: george76

Were these property taxes in Illinois approved by the voters?

Were the voters property owners with “skin in the game”?


44 posted on 12/22/2015 2:39:17 PM PST by Mark was here ("The future must not belong to those who slander the prophet of Islam" - Obama.)
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To: NEMDF

Yes there is some kind of exemption but I looked up the tax paid on similar homes and some were near 3k ... way too much for a 42k home :-(


45 posted on 12/22/2015 2:40:29 PM PST by Bobalu (Even if I could take off, I could never get past the tractor beam!)
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To: Carry_Okie
Good one. I had not been aware of this loon. An excerpt from the 43rd chapter:

"We shall remove the great cause of unnatural inequality in the distribution of wealth and power. We shall abolish poverty; tame the ruthless passions of greed; and dry up the springs of vice and misery. We shall light the lamp of knowledge in dark places; give new vigor to invention and a fresh impulse to discovery; substitute political strength for political weakness; and make tyranny and anarchy impossible."

Even in 1879 there were idiots writing tedious, delusional manifestos like this.

If only he had lived to see the democrat-run urban hellholes, byproducts of the Great Society and of idiotic, envy-filled screeds like his....

46 posted on 12/22/2015 3:01:20 PM PST by bkopto
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To: Bobalu

Your story is exactly what is killing NJ; who buys a home with taxes starting over $10K? At this point only government employees and immigrants who convert one-family homes into three-family homes or boardinghouses.


47 posted on 12/22/2015 3:27:25 PM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: umgud

CA has the same problem NJ has (in terms of caps); they let you stay in the home, but everything else falls apart because the government workers still get their raises (by diverting funds from everything else). Eventually old established neighborhoods become rundown because nobody wants to buy there (because THEY can be taxed at a much higher rate); they move further out and start the process over again. The gubmint payroll grows there, and the same process is repeated.

I definitely prefer the caps (because they force low-information people to look at where their money is being spent), but without drastic shrinkage of the government workforce you face deteriorating streets and such.


48 posted on 12/22/2015 3:31:19 PM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: bkopto
Good one. I had not been aware of this loon.

He's important. There are actual cults of Georgian economists within the bureaucrat class. Yet what is interesting about George is that he destroys Malthus! So there was a real contribution within his otherwise statist mentality. So he was not so much an idiot as just another a power-mad dreamer whose ends justified whatever means.

49 posted on 12/22/2015 3:35:17 PM PST by Carry_Okie (Islam offers choices: convert, submit, kill them, or die.)
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To: SpaceBar

Absolutely, no question. True ownership of homes and land in the U.S. does not exist. Everyone rents from government.

This ranks in the top 10 of epic con-jobs.


50 posted on 12/22/2015 3:43:24 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: Blennos
If I don't pay, men with guns and badges will come and seize my home.

In fact they'll kill you if you fail to comply to pay government to stay in your own home. It's happened to lots of folks.

51 posted on 12/22/2015 3:57:05 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: george76

Illinois voters are certifiable idiots who keep electing and reelecting political criminals. Enjoy the harvest for years to comes.


52 posted on 12/22/2015 4:07:08 PM PST by hal ogen (First Amendment or Reeducation Camp?)
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To: Bobalu
Well, FWIW, my home here in the great state of Alabama is literally worth 8x that bungalow's sale price, and my property taxes for 2015 were $1,341.84, and they have not changed in 4 years.

Literally.

53 posted on 12/22/2015 4:42:25 PM PST by jimmyray (there is no problem so bad that you can't make it worse)
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To: Kozy
My county/school district assesses at 100% market value, they used to assess less and had higher millage rates, they dropped the millage then upped the assessments to fool people into thinking it was a cut but was actually an increase. Later they could increase the millage less to stay under the state mandated cap yet actually take more money from us.

Harrisburg keeps increasing the cap so even more money gets taken from the homeowner at 100% assessment and of course they never reassess when home values drop only when they rise.

54 posted on 12/22/2015 5:01:33 PM PST by this_ol_patriot
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To: kearnyirish2

Yes, rinse & repeat.


55 posted on 12/22/2015 5:55:11 PM PST by umgud
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To: stephenjohnbanker

Come to Long Island. I live in a 4BR/2B Cape Cod, on 1/3 acre. Our current property (school) taxes are now pushing $15K/year.

(And I wouldn’t — and didn’t — send my kids to the public schools, either. Catholic school and home schooling for them.)

It’s highway robbery.

Good Lord, I can’t wait to get the hell out of here...

Regards,


56 posted on 12/22/2015 6:00:58 PM PST by VermiciousKnid (Sic narro nos totus!)
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To: VermiciousKnid

“Come to Long Island. I live in a 4BR/2B Cape Cod, on 1/3 acre. Our current property (school) taxes are now pushing $15K/year.”

Ditto... Small Colonial 4br/2b - 1/4 acre; $15k in property taxes... Rockville Centre.

I feel like I’m renting my house from the gov’t/teachers union!


57 posted on 12/22/2015 7:28:51 PM PST by babbabooey (All that is necessary for the triumph of evil is that good men do nothing...)
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To: stephenjohnbanker
This is by far, the highest property tax I ever heard of.

I know someone in East Bay who has a 2 B, 1ba stucco bungalow built in the 30's. Their tax (per year) is 16k. How can people afford that?

58 posted on 12/22/2015 7:33:50 PM PST by ladyjane
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To: VermiciousKnid
Come to Long Island....Our current property (school) taxes are now pushing $15K/year.

And you probably don't get trash pick up or water with that. LOL

59 posted on 12/22/2015 7:41:06 PM PST by ladyjane
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To: ladyjane

LOL Actually, we do. But those costs are minor compared to the school portion of the tax bill. About 70% of the bill goes to the schools.

Regards,

PS: The garbage pickup is handled by private companies, and their rates are negotiated by the town. There are no municipal employees picking up garbage. The private companies can (and have been) fired and replaced if necessary. The water come to us through the town.


60 posted on 12/22/2015 7:45:57 PM PST by VermiciousKnid (Sic narro nos totus!)
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