Homeowner's Property Tax Bill Jumps from $1,800 to over $30,000
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- เผยแพร่เมื่อ 28 ก.ค. 2024
- In this video, I discuss a homeowner in the Chicago area whose property taxes increased from $1800 to over $30,000. I also discuss the property tax issues in Cook County and states with low property taxes. Property taxes are skyrocketing in many cities all over the country so it's important for you to be educated on what's happening.
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Timstamps
00:00- Intro
00:36- Cook County Homeowner faces tax hike
02:31- Cook County Explains Tax Hike
04:58- Treasurer Maria Pappas Explains property tax increases
06:30- Maria Pappas Predicts Chicago 2025 property taxes
08:07- Maria Pappas explains residential vs commercial property taxes
09:28- Mayor in Cook County Limits Property Tax Increase
11:32- States with low property taxes
This video is about: maria pappas,cook county property taxes,real estate,housing market,housing market crash,real estate crash,buying a home,selling a home,home market,economy,inflation,investing,housing market bubble,real estate bubble,property taxes,property taxes explained,property taxes going up,black real estate dialogue,black real estate dialogue podcast,property taxes increase,property taxes in illinois,property taxes in chicago,how to appeal property taxes in illinois
Contact the attorney general's office, your senator, and state representative. Document every conversation and get the names of everyone you speak with. Pay everything on time. Get your city council person involved. Communicate like crazy to every office and agency....that's why I love "cc"...put it out there. Always vote for in your local elections. And, subscribe to this guy's channel. He's providing amazing information and deserves support.
Go to a city council meeting and openly ask to speak to city councilman.
Very good tips and thanks for the support!
He is on disability how is he supposed to pay on time that much increase
@@rahneclark1902 He should pay the normal $1800 bill on time. Contest the other bill but pay the original one.
THEY UNDERSTAND! By
ITS DELIBERATE.
That ‘mistake’ is just plain criminal. The guy should file a complaint with the higher state officials.
Absolutely criminal what gave it away is that nobody had answers for him till the news came
The phone doesn't answer. It just keeps ringing
It doesn't matter where you move, this is going to start happening all over the United States,
I wouldn’t say so, there are states that have caps on the yearly increases. I think every state should do so.
It will be time for all of us to expat to Panama, Costa Rica, Colombia, or Brazil.
@@troyeddings6577 it’s happening because Americans are passive and they’re allowing it to happen because they’re no longer interested in participating in local meetings with their city officials, or crooked politicians.. Then when the damage is done or the shet hits the fan people are angry and up in arms
It's already happening in New jersey
Then they will sell the properties to black rock.
They’re just taking this man’s house from him. This makes no sense.
That’s what they were trying to do. They didn’t admit that it was a mistake until the news came around
They want their homes and once they are out they won’t be able to afford another home.
Bingo
More gentrification. Another way to move people out for the corporations to come in.
Bingo, all part of their plan
I can't remember who made this statement: "You Will Own Nothing And Be Happy"! Remember this statement was made for the country.
2015 the Lord told me to get out of IL. It took me 5 years b4 I cld sell the house bec 1st mex handyman stole & vandalized my home, then the next handyman stole my custom ballister, another guy took things in my garage, etc.. Basically all men I hired lied & screwed me up...
I see someone post this a few times a week on my channel 😫
I’m so sorry to hear this
Same ole story. Running people off the land
😫😫
Why the heck should the working middle class and the elderly person have to pay more in Property taxes because the commercial buildings are empty!!!?? That is absolutely Sinful.
I had to rewatch that several times…..because I couldn’t believe what I was hearing
The elderly over 75 should be exempt from taxes.
@@Chicago48the elderly are in the US are wealthier than they’ve ever been
It is criminal to have to pay tax on your home in the first place.
😫😫
Thes folks are trying to take everything u have
Sure feels like it
Looks like a class action lawsuit. This is good news.
Thanks for the comment. Doing my best to spread the word about these things.
Spread it faster people are losing homes. Many elderly on the street and no one cares. these tax assessors are evil.
This is happening to people getting their parents houses passed down to them when they die too.
This ain’t the American dream 😩😭😢
Absolutely heartbreaking
Dreams are not real
But the NWO is
file a class action, & vote EVERY SINGLE ONE out of the City & County office! It it just total corruption!
Fair perspective
I am a mortgage counselor and I stress this regarding Auto and mortgage loans. When the colleratal is discharged, there will still be property taxes and registration taxes. 😂 If you stop paying those taxes, does it need to be explained any further? Generation wealth is a joke when you can barely pay your current liabilities all your doing is pass off inherited debts / bankruptcies. In scenarios were the mortgage payments are pass due, or property taxes are higher than the mortgage payments and more! Senior in FL are selling their condos now due to high property taxes and condo assessments😢 Cannot even afford a home equity line of credit due to being on fix income. People don't understand that great you bought your home for 100k and when you retire its worth 1.1 million and want to take just 300k they will not allow it with out a new home appraisal and if you can afford the payment 😢
Thanks so much for sharing your insights
Equity in your home is not free
As soon as I saw the title I was like WHAT? QUE? COMO? Had me speaking in Spanish…dayum 😮😂
😫😫😫😫😫😫😫😫
Cook County is the worst in Illinois when it comes to property taxes! For Veterans, Illinois is one of the better states for exemptions! If you’re 70% or higher with the VA, you are 100% exempt from property taxes on your primary residence!!!!!!
Appreciate your feedback!
Don't be surprised if they change that. You know how Crook County gets down.
Moving illegals in while taxing residents out to pay for said people.
Low end homes shouldn’t be taxed. Shelter is a human necessity. It shouldn’t be taxed on the low end. I’m in a $30k home. The tax is $1k a year and we struggle with that. It provides us nothing, and costs more than our water bill. Any home $100k or more should be taxed at a high rate. A person with that much income has other options, they just think they are entitled to spend more for a nicer spot. Instead of getting a cheap place and being able to save. The amount of landlording leeches in poor neighborhoods has an impact too. It drives monthly payments up, to sustain a household that is better off. If the poor could escape monthly payments, many wouldn’t be struggling so bad. And the hood would clean up. We only let the houses fall apart because we aren’t responsible for fixing them and pay more than if we owned it.
This is a very interesting take, thanks for sharing
They don’t expect him to. They expect him to lose it so they can sell it and make money.
Sanctuary State Illinois has been paying welfare benefits to illegal immigrants since about 80s just like sanctuary state California. This is generally why your taxes have been increasing.
Correct I’m glad the news got involved though
@@blackrealestatedialogue yes, me too!
It seems that once an area is cleaned up/ taking care of, they raise the taxes so much that they have no other choice but to move. It becomes hard to sell causing a foreclosure to happen ruining your credit all because it was an area that businesses started looking into and the county was onboard with the madness of pushing ppl out on the streets. It's 😢
Heart breaking stuff
The first one is TOTALLY intentional. And I would FIGHT it in COURT; WIN!! 'They' wanted to see if he was dumb enough to PAY it! And he COULD still SUE for *negligence*...
He def should take ‘em to court
If the person still owns the property the fact that it is empty is no different than the person who is living in their home and can’t afford it. This is wrong and they know it. People need to vote for people with some kind of moral compass.
Very understandable
🤨It's a Racket!!
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It’s funny the city put a rent cap on property, but increased tax by whatever they want to lol
Very good point. This is how government often do business. It increases property taxes, but caps rent. Owners have little to no money for maintenance for the property.
They know what they are doing smh
Property taxes went up due to the overvaluation of home values since the pandemic.
High taxes is driven by illegal immigrants and children in mostly sanctuary cities and states paying welfare benefits to immigrants. The benefits began about 80s and are still ongoing today. This is a scam on property taxpayers.
Makes sense, there def needs to be some reform though. What some counties are doing simply is not sustainable for residents
I live in Pinellas county Florida. Bought in 2010.
My property taxes started at $2050. Over the years they went down to $1875. Now they have gone up to $2100.
The property taxes here are free to go to any level they want.
If they went up 40x, i would move.
Glad it hasn’t been too bad for you. I hope it stays stable as possible for you
That's why you contest a ridiculous tax amount.
Agreed
Yes indeed
Many have contested and they were told the same thing; it's the market and nothing can be done. A big lie as the housing has gone down by 30% in same areas.
@@DRventura333Tax Lawyer
There should be no correlation between commercial and industrial property taxes and residential property taxes. If revenues fall then you cut the budget, you don't push the burden onto residential property owners. It is an unsustainable model.
Agreed! I literally couldn’t believe when they said that. The sad thing is more info has been released. Might cover in a future video
Keeping an eye and ear open in Lehigh Valley PA
Appreciate you
The city I live in (upstate ny) doubled almost every property taxes.
Sad news! The taxes in N.Y. were already high.
I’m so sorry to hear this
Just wait....something is coming
What’s coming?
"Paying Bond Holders"
That's the problem!!!
We all live in incorporated corprotocracys.
👀👀👀
Real question what the tax bill be when they send out this time. Very curious on that.
I will keep my eyes out for a follow up
They want his property
Heck we can argue they want all 4400 properties they made the “mistake” on
By Design! 🤬
Def feels like it
The city re assessing properties over and over. Wages stagnant since 80's
Make it make sense!
He called another office and they won't answer the phone. Typical bureaucracy!
If the government values my house at a certain price, they should give me the option to sell it to them for that price!
I’m not mad at that 😂
Analyze the total tax. Some states have no state income taxes, some havr no sales tax. So you have to check the total including car license fees😊😊
Very good point I appreciate you mentioning that
Not yet
My small 1800 sq ft home in the northwest has property taxes over $6000 this year!
SOMEONE NEEDS TO BE FIRED!!!
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yes . . . and the federal government has 2.8 million employees . . . and is $37 trillion dollars in debt . . . and you are being told it's due to big corporations . . .
Gov too Big, private industry to small 😂
Crazy isn’t it
I am VERY thankful for our Double Homestead Exemption.
💪🏾💪🏾💪🏾
There has to be limits on year over year tax increases.
I agree. It’s the right thing to do but the rather me greedy and take more money they’ll waste anyway
Stop paying taxes. Your city council is crazy
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Municipalities use property taxes based on valuations. When values fall, tax revenue falls. This results in the need for property tax increases. Time for municipalities to adopt fixed budgets and live within them. Schools are the worst, and their demands must be weighed against true need vs pie in the sky liberal lunacy. Taxes are simply split across properties and property valuation as a basis for revenue goes away. Time for governments to learn enough is enough. Endless taxes cannot be Constitutional.
Enough is absolutely enough. The municipalities don’t manage the money properly anyway. Some big changes are needed bc this is crazy
It has always been a problem that tax dollars are spent on companies that pay bonuses in the area. When there is no company home, homeowners are flipping the bill to keep the town and city reparated.
That makes absolutely no sense that they do it that way
@@blackrealestatedialogue@blackrealestatedialogue Next, energy costs will affect everyone in triple prices.
Get them crooks out of office
yikes
It's amazing how for years POC we told to buy property buy property. It's the best way to get wealth.....oh yeh? What about the over head and operations cost! You can't keep a home paying $5-10K in taxes and the taxes and utilities going up up up.
UNLESS -- you have a house that's multi-generational and everybody chips in to pay for it.
I know soooo many black people who walked away from a house because of a) second mortgages b) crime in the neighborhood c) unable to pay for an underwater house.
It is too expensive to pay for all the operational taxes and excessive property taxes. States needs money to pay for illegal immigrants and their children.
Totally understand what you’re saying. It still is a great wealth builder but I think now it’s more important than ever to understand if an area has property tax increase limits, what the insurance landscape is etc. Just something that has to be done while fully informed and evaluating everything. Thanks for your input.
Wonder if a person could get approved for a fat loan based on the valuation. Like a $300k loan for a $1mil property sounds possible. That’s more than the house would sell for. But a bank just might loan it. Take the loan and dump the property to them.
Hmmmm this is a good question
Inflation…everything is up. The more there are developments going to your area including more schools or services, there will be increase property taxes.
What do these states have on common... Like farmland, vacant land, water access, good farming zone... I'm curious..
Hmmmm
I like the county’s answer is just “you ain’t the only one we screwed over, so shut up!” Sue them
Crazy right
I own commercial property. The Chicago South side 2 storefronts with 2 apartments. Overhead. My property taxes 1 from 5000 plus dollars $27000. School districts get most of the $$ and remember the close-up schools. 31000 fewer students.
Too much taxes to pay. It's a total scam
That’s a ridiculous increase. Idk where they expect you to magically find that money smh
Government and corporations want your home.
Fair point
This is equivalent to raising rents and gentrifying a neighborhood
I see where you coming from
Taxes should have went down for everyone because inflation is making it impossible. Our bills are becoming bigger than our income, and they're pretending they dont know this
Exactly. Everything is going up.
this is what happens when they close all factories. weather Democratic or Republican. they have sold us out
Def understand you
They handpick homeowner they dislike that they screw up to get rid of them. IL 2020 my property tax increased in Spring & fall the same yr. We moved out
That’s insane what state did you head to?
Municipal bonds, underfunded obligations and public debt
Wild
In Detroit the property taxes are dramatically different in predominantly black areas
They should tar and feather,the supervisors,in,all the states,in those tax offices.get out if you can.
Ouch😫
Mine doubled in Irvington NJ. They’re doing this to mainly black communities
That’s criminal smh
Governor Pritzker passed a law that stated that any lost revenue has to be made up. That’s one root cause of the problem.
Oh good!cut your salary’s then!!
Horrible law
This smells rotten in Denmark for sure! Praise God for making the way to resolve the errors! So the taxes in the Black owned areas significantly increased and will continue as a ‘legal’ method of GENTRIFICATION and we know who benefits! I agree with you. Every Mayor should make the effort!
It was, and it is intentional!
Def feels like it since it took the news to get a response
5:41 Did she say "they're all Moors" 😮
I caught that as well.
I was a little confused I wonder if she mispoke there
She did but we are the real people of this land not moors, they look like us but they not us
Its Redlining through taxation
it feels like it
Only in Crook County, Illinois.
😫😫😫🤔
This is criminal
100% is criminal
As a white individual, I can tell you why the taxes are going up in the south side of Chicago. The lady explaining the taxes around the six minute mark said it out loud. Is primarily in African-American homes. It’s blatant racism. I’ll be willing to bet that there is a major developer coming on that side of town and needs that land to develop it either into Million dollar home or a big business needs to land for their daily operations. And who do they target? The African-American population. It happens all the time. It’s sad to say but racism is alive and well in United States. If the rules were reverse and that was a white community with those homes. I guarantee you that wouldn’t have happened in the ChicagoLand Area. I also be willing to bet that the other 4400 homes tax bill would not be changed. If it walks like a duck, quacks like a duck, and walks like a duck then it’s a duck.
Really appreciate your input, thank you so much. It’s a sad state of affairs.
Sell, to who?
Good question 😫
She doesn't have to pay for the tax increases so why would she care ? Lunatic.
Wild right
can we sue PRITZKER over this
The business can take out a loan instead of colluding with local governent. I'm sure the locals would love to lend their money for interest if they think the business is worthwhile.
Hmmmmm🤔
This will get worse before they get better thanks to poor mismanagement & spending 💰 on the fed, state & local level ... Unfortunately, cause of COVID, migrants, Ukraine & Israel someone has to pick up the tab & we all know who it is..... The working class.. The solution vote in November!!
So much going on 😫
COVID inflation, Pandemic inflation, California port shut down inflation -The average VALUE OF US.DOLLAR is (31.8¢)That's all the states together average -Thats mean in a high economy like Chicago (17¢) on the dollar -And the state governments are wanting that value in money back -They don't care that the average worker is now making less then minimal wage with all this inflation -The dollar is sh;t now and that's what we work for now
thanks for sharing
Indiana law. 2 percent is the max it could go. He need to appeal the taxes if they don't fix it. Take them to court.
I’m glad Indiana has that in place
The municipality 1 will crash economically. The $USD(DOLLAR) is being devalued. Towns will leave eventually. This is just a symptom of what is really going to happen. Real estate will devalue or crash.
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@blackrealestatedialogue I hope that I'm wrong, but the tea leafs are showing that the global economic system is looking negative.
If the moon only hide behind a cloud and don’t go away I see bull shit
👀
This is a crime.
Def feels like it
In Detroit the property taxes are dramatically different in predominantly black areas. Why bias
How so? I’m not familiar
That means the U.S DOLLAR in Chicago is only worth (17¢) on the dollar
Yes, its crooked and a sign of the timess.
Def a sign of the times
1st of all, how did Cruella DeVille get to be a treasurer
Yikes
They always tax the poor and the middle class.
Always it never fails
What a surprise…disinterested incompetent government officials 😂
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They want the property for some reason they can have it for $900,000
Lol I bet he would cash out if someone gave him that, but it’s worth nowhere near that
Crooks in Chicago!
Feels like it 😫
This is nothing new those who have paid little to nothing and those who don't pay the brunt of what is left investors will own it All
So crazy
They tried to pull a fast one
They really did and the worst part is they didn’t care until the news got involved.
@@blackrealestatedialogue that seems accurate to me. I see all these institutions as authoritarian of power which can be weaponized. They are all corrupt and have a status quo. They Extort, manipulate, and have control over policy. Fundamentally they are tools of oppression and exploitation
You will own nothing and be happy- wef
Their ultimate goal
Why in the F is it so high!
Property tax better go higher, so "homeowner" can realize who is the real owner of your property, 🤣
Nah fam 😫
Money grab
Facts
Crazy
I know right
Going up because corporations wants them
😫😫
Here's some big news
2 corporations own everything in the world directly or indirectly
I'M NOT JOKING
They will try until exposed
Tell me again your house belongs to you.
😫
You know hat it ISI Not Say it ok
Get to the Bottom a chart what About Barrington Hrs I’ll?
Some typos here not sure what you’re saying