Saturday, Dec 20, 2014
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Illinois to ask voters about taxing millionaires

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Illinois now has the second-highest property taxes in the nation

Recent Comments

1950Brutus - REBEL MEDIA: Bush v. Clinton...yawn - Quincy, IL News - QuincyJournal.com
I think Carl is on his last legs and will be gone - none too soon. As for Dick M - finding out why he got ousted falls in the category of looking a gift weasel in the mouth. I will take this opportunity to repeat my creed - there is no such thing as a wasted vote if you vote for what you believe in.
DaveVictor - Mayor Moore talks garbage...again - Quincy, IL News - QuincyJournal.com
So, those of using private haulers, who have been subsidizing garbage pick up for years for those who chose to use stickers, now get to pay even more? This isn't going to end well for the Kyle administration.
Givemeliberty - REBEL MEDIA: Bush v. Clinton...yawn - Quincy, IL News - QuincyJournal.com
Been saying this for a couple years now, and I really heard about it last election cycle because I voted for Grimm instead of one of our two Chicago choices. Keep the faith, we're never gonna get a good candidate untill we start to peel off the "I voted for the lesser of two evils" cowards, and get them on our side. I always wondered why Dick Morris lost his job at FOX (as he should have)…
1950Brutus - \'Interview\' pulled after threat; U.S. says North Korea behind Sony hack - Quincy, IL News - Quincy
I decided to hold off prejudging the movie as "crap" but if I was betting money I would bet it is crap. Only thing that could save it "gratuitous nudity".
Givemeliberty - Mayor Moore talks garbage...again - Quincy, IL News - QuincyJournal.com
I have been thinking the same thing, is there a $1000 tax in the works for UPS, FedEx and DHL? Maybe the Federal Government should take a page out of this administrations play book and levy a tax on their competitors trucks. and I am with you on the list of customers, that seems to be serious overreach on the part of any government. The s**t storm of the city rejecting privatization just keeps…

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Property tax rates skyrocket in Illinois, 2nd-highest in U.S.

1 year ago Brian Costin, Illinois Policy Institue

Illinois’ property tax rates have skyrocketed since 2010

From Brian Costin, Illinois Policy Institue:

Illinois’ property tax rates have skyrocketed since 2010, according to new analysis done by the Tax Policy Center. The survey examined the 23 Illinois counties with populations exceeding 65,000.

The average property tax rates as a percent of home value has soared from 1.93 percent in 2010 to 2.28 percent in 2012. This represents an 18 percent property tax rate increase in just two years. This rate spike is due to declining home values and local taxing bodies increasing property tax levies.

Illinois’ property tax rate is second only to the rate New Jersey residents pay, which is 2.32 percent annually.

A tax rate of 2.28 percent is equivalent to paying $6,840 in annual property taxes on a $300,000 home. According to the Tax Policy Center, the average Illinoisan had an annual property tax bill of $4,469 in 2012.

This is in stark contrast to the rest of the country. The Tax Policy Center concluded “… the bulk of counties levy property taxes that are around $1,000 per homeowner and below 1 percent of house value.

”Illinois’ high property tax trend has been going on for some time. For the five-year period of 2007-2011, Illinois stands out as one of a few states that saw a majority of its counties asking citizens to pay a property tax rate of more than 1.5 percent.

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