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Topicgovernment regulations are keeping millennials from getting ahead
FLUFFYGERM
12/18/17 12:39:05 PM
#41:


Darkman124 posted...
FLUFFYGERM posted...
Where I live right now there are homes that are in the $200,000 to $250,000 range and $5,000+ property taxes are common.


i believe that: the metrics for kendall, lake, and will counties support ~$5000 property taxes.

i think the 200,000 home with $8000+ property taxes does not exist at all, though.


Here's one:

https://tinyurl.com/y9ca95wq

$145,000 price in foreclosure (probably $200,000 if it wasn't in foreclosure), $9,703 in property taxes in the most recent tax year.

You gotta know where to look, but it's not too hard to find these examples. Plenty of homes in that price range that are just a tax increase away from being in that type of tax range, btw.

Note that these comical outliers aren't changing the fact that Illinois property taxes are insane and one of the big reasons why the state is going to collapse.
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