Current Events > Illinois property tax on tiny home

(+) Yeah! (+)

https://imgur.com/a/vUmzC

864 square feet. 3 bedroom 1 bathroom. Not even an amazing area. A single year of property tax increases can wipe out any reason you had for owning the property. And good luck convincing the incompetent assessors that your bill is too high.
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Illinois is a shit-hole, what'd you expect?

thrashmetal14 posted...

Illinois is a shit-hole, what'd you expect?

it's beginning to creep into other counties too, so it is accurate to say illinois. not just chicago or cook anymore. illinois will be a phenomenal experiment in the next couple years.
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Somebody has to pay all the public sector pensions.
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I'm in Kane county, but I remember reading that Cook county has some of highest taxes in the US
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It's basically Russian Roulette to buy any property anywhere in Illinois. AFAIK there is nothing to actually prevent your property tax bill from going up 412% in a single year when they feel like it.
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Burnt_Puke82 posted...

I'm in Kane county, but I remember reading that Cook county has some of highest taxes in the US

The property tax on a beautiful million dollar luxury condo in Hawaii is smaller than the property tax on this shitty 864 square foot house in Illinois.
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@Burgess
@Darkman124
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Ex-Kefiroth posted...

Burnt_Puke82 posted...

Cook county has some of highest taxes in the US

It's a good thing you have more than 3,000 other counties to choose from then

I was born and raised in Cook county, I didnt have much of a choice in living here. Sounds like youre victim blaming.

Put wheels on it and say it's a camper that your parents own else where in the world
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Unsugarized_Foo posted...

Put wheels on it and say it's a camper that your parents own else where in the world

doesnt work that way fam
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Yes huh
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Property tax is what you pay instead of rent, seems fair.
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Frostshock posted...

Property tax is what you pay instead of rent, seems fair.

property taxes + mortage = double jeopardy

Frostshock posted...

Property tax is what you pay instead of rent, seems fair.

uh you pay the property tax even if you have a mortgage

and it never goes away

you clearly have no idea what youre talking about
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I'll never understand why people live in Crook County.

Just move 30 miles over to Indiana. If you really want to live in a shit hole Gary is right there and sooooo much cheaper.
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50Blessings posted...

I'll never understand why people live in Crook County.

Just move 30 miles over to Indiana. If you really want to live in a shit hole Gary is right there and sooooo much cheaper.

friends/family/work
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King Rial posted...

i sure hope he's not one of the people voting Democrat and then wondering what the fuck is going on
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FLUFFYGERM posted...

Frostshock posted...

Property tax is what you pay instead of rent, seems fair.

uh you pay the property tax even if you have a mortgage

and it never goes away

you clearly have no idea what youre talking about

Obviously if you don't own it yet you pay a mortgage.

But you never get to live anywhere for free.
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Frostshock posted...

FLUFFYGERM posted...

Frostshock posted...

Property tax is what you pay instead of rent, seems fair.

uh you pay the property tax even if you have a mortgage

and it never goes away

you clearly have no idea what youre talking about

Obviously if you don't own it yet you pay a mortgage.

But you never get to live anywhere for free.

time to change that
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FLUFFYGERM posted...

friends/family/work

I work in Crook county.

It's not that bad of a commute.
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corrupt politicians have to eat
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AlephZero posted...

corrupt politicians have to eat

Pensions and benefits for government employees seem to take a big chunk.

When it comes to property taxes, four main factors drive the pinch felt in Illinois pocketbooks: government-worker pensions, government-worker health care, prevailing-wage requirements and workers compensation costs.

These four horsemen of fiscal doom are all multiplied by the sheer number of taxing bodies in Illinois at nearly 7,000 each with its own staffing and programming costs. No U.S. state comes close to Illinois on this number.

In Wauconda, Illinois, Mayor Frank Bart sees the squeeze on middle-class residents brought by these rising costs. After accounting for inflation, Waucondas median household income has dropped since 2009, according to U.S. Census Bureau estimates. But property-tax bills have continued to rise.

Why?

Take government-worker pension benefits, for example, which are mandated at the state level, regardless of whether local governments can afford them.

Bart expects police pensions to cost the village over $1 million annually within the next two years. The village has 25 police employees and a general fund budget of just over $9 million.

Bart uses his second-lowest paid police officer to illustrate the high personnel costs village taxpayers shoulder. The officer has been with the village for more than 10 years, and the village pays his $85,000 salary and $15,000 in benefits annually. On top of that, taxpayers contribute $25,000 to his pension each year, Bart said.

Thats not all.

Prevailing-wage laws levy another massive blow to local governments bottom lines. These laws can mandate six-figure salaries plus benefits for the lucky private-sector employees who work on government projects. Bart estimates this easily adds 20 percent to project costs above what would be offered in a competitive bidding process.

https://www.illinoispolicy.org/story/home-is-where-the-hurt-is-how-property-taxes-are-crushing-illinois-middle-class/
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