It’s election season in Illinois, and politicians are running on the promise of property tax relief as usual, including every major candidate for governor. Illinois’ property taxes are already the second-highest in the nation and a major reasontaxpayers are fleeing to lower-tax states. That problem could be made worse on Nov. 8 when voters will be asked to decide […]
Illinois property taxes
Wirepoints analysis shows Illinois property tax bills have grown 268 percent since 1990
Illinois property taxes have far outpaced household incomes and home values since 1990, a Wirepoints analysis shows. Tax bills per household have grown 268% since 1990, while average home values have grown 114%. According to the nonprofit Wirepoints, the average household now owes nearly $4,400 in residential taxes each year, up from $1,200 in 1990. […]
