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Monday, September 7, 2015

Illinois property tax bills push home owners from homes while financing big pensions

Ever‐escalating property tax bills are causing real pain for Illinois families. Last year, more than 10,000 DuPage County families were delinquent and faced a tax sale.
In downstate communities like Effingham, people are moving to “Shouses” ‐‐ shed/houses ‐‐ to avoid property taxes. In communities like Addison, Villa Park, and many areas of Cook County, a homeowner’s monthly property tax payment now rivals their mortgage payment.
Of course, Illinois is ranked second highest of the 50 states on property taxes.
More and more, we are renting our private homes and commercial properties from local units of government: school districts, junior college, municipalities, townships, park districts, libraries, etc.
Sure, it’s “private property,’ but you’re paying a tax bill that looks more and more like rent. How has this happened?
One factor is artificially inflated public employee salaries and pensions as shown in the data posted online at OpenTheBooks.com.
http://www.rebootillinois.com/2015/06/22/editors-picks/adam-andrzejewski/andrzejewski-home-owners-need-a-time-out-from-relentless-illinois-property-tax-squeeze/39951/? 

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