'No wonder so many people are moving out of Illinois': Skyrocketing property taxes, homeowners speak
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- เผยแพร่เมื่อ 26 ส.ค. 2024
- Cook County homeowners are feeling the pinch of significant property tax increases, and Cook County Assessor Fritz Kaegi explained what part of the problem stems from.
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Illinois is stealing from us to pay for uninvited guests 😂
So?
@@martianmanhunter9887 don’t like it move
@@tomjohnson3610~ do you pay property taxes?
@@JacobSchmitt-j8p~ what if they don’t care to move because they have family in that area.
@@dalbriggssthen pay the taxes & shut hup
My taxes increased over $4K to $13K and my home value went down. This is a shakedown.
Over what period of time?
Tell us percentages and times
That's wrong. Never heard of that. So sorry. Who knows what an why an who is behind this insane inflation an tax increases . I've never heard of increase like that.
@@thecrow4597 Between the first installment and the second installment.
@@johnnychimpo7539 my second installment went from $4k to $8,500 this year.
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
For you to grow your portfolio in today's market, you really need to be coachable and willing to get off your high horses. I for example, have managed to grow mine from $150k to 300% of my initial deposit within the past 8 months just by copying trades from a broker that has better skillset and technical know-how than me.
Can you kindly provide me with the information of your investment advisor as I am currently in desperate need of one?
@@BernardFrederick-tk7un My partner’s been considering going the same route, could you share more info please on the advisor that guides you
My property taxes were $12K a year. I moved to South Carolina, bought a nicer, bigger house, now I pay $2K a year. Get the hell out of Illinois, it ain't worth it.
Get the hell out of any blue state while you can.
Unless you are a Republican, you have zero credibility whatsoever. And if you moved to a Republican state as a Democrat, you should think about your vote.
Just dont bring your politics with you lol. Democrats ruin everything. They are now fleeing blue states that they destroyed
most currupt state in USA
Lead by the kingpin of corruption, Jabba The Hutt pritzker!
@@conservativewarrior777 Yes and he could be a nominee for president if biden steps down. That's scary !
Do your research! No it’s not! You sound like a damn fool!!
Don’t get me wrong, it’s being mismanaged but it’s far from the most corrupt!
@@conservativewarrior777 Hes done more for this state then the last 6 Governors...State actually has credit upgrades, State actually has money in the general fund and budgets are getting passed...Is everything he done right? Not at all. But Look at the messes that Rauner, Quinn, Blago and Ryan left. Also Madigan caused a lot of this crap with Illinois. Also who cares if he is corrupt. Trump is corrupt, Biden is corrupt. Every politician is. As long as they get things done that is what mattered, no one in government from either side is not corrupt.
I have lost faith in all levels of government; local, state & federal.
as well as the integrity of elections.
Keep voting Democratic…
Faith should of been in Jesus Christ the whole time
@@neanam my personal faith in the Lord has nothing to do with government.
@@Concerned_Citizen111 that part!
Stop calling us "home owners"...no such thing
You misunderstand you do own the home. You just don't own the land it's on.
@@CoryRayGordonMusic
Incorrect. If you don’t pay pimp daddy government taxes, they will put a lien on your property, and ultimately seize it. You always have to pay your pimp daddy government rent on your property. They own your ass.
@@CoryRayGordonMusicyou may be racist
@@CoryRayGordonMusic Which is meaningless because they take your house
@@CoryRayGordonMusic so youre saying you dont own the home essentially cuz someone else owns it
For a state that claims to be so focused on "social justice," it looks an awful lot like they are targeting the little guy.
Folks continue to fall into how everyone makes them feel. At the end of the day fiscal responsibility hits home HARD.
If you're one of these folks moving from Illinois, please reconsider your voting patterns before you move to another state.
Amen!!
nah they should just sell and move Illinois is now for the invaders
nah just move and turn over the state to the invaders
They get what they voted for!!!
Yes, dont bring poisonous ideology with you!
PSA: MOVE! My yearly properly taxes in Lake County, Indiana are a fraction of what you pay. 7% sales tax, no sales tax on food, no influx of illegal migrants, although there are some here, just not supported by our local government. I pay about $37 a year for my license plates, no city sticker, no parking meters, no boot crews, cheaper gas, cheaper cost of living, we have beaches, lots of lake front entertainment, the dunes, etc. It's not perfect, but it's nowhere near as bad as crook county, IL.
Wisconsin is a better move
Thank you for the information. ❤Indiana
Taxes are going up every where due to homes getting reassessed. It wont be as bad as Illinois, but....
@@GiacomoRavioli will have to do more research on what states would fit into my budgeting the long run
@@Chrissie-xw5jn Good luck! It is getting brutal out there.
That’s crazy…why are multimillion dollar companies getting all these tax credits
Right! Multibillion Dollar Companies!!
You're asking the wrong question. The question you should be asking is, why isn't cook county cutting its budget? It's the politicians that are running things and those people are who vote to raise property taxes on everyone and everything that are to blame. Everyone sees these officials wearing suits while sitting in plush leather chairs behind fancy desks in cozy offices, right? Those people aren't buying those chairs and desks with their own money. Meanwhile they're allocating money for people who came here unlawfully and are on welfare... think about it. People need to start voting differently if they want different results.
@@strykerentllcYou're not supposed to mention the gimmegrant and welfare freeloaders. 😊😊
Voting. People vote on the culture war instead of material items. We don't have to live like this, but "ooh those transgenders" and "ooh those Jan 7 fascists" keep us trapped in servitude to large corporations.
@@strykerentllc govt NEVER cuts their budget - they have to make sure all the govt employees are committed to get the politicians re-elected - and so the cycle of democratic slavery continues - you are all indentured servants to cook county
Abandon Illinois! Run for your lives! Save yourselves!
Renting is alright still but I agree. The thing is…every state sucks. They all have bad and good. Car registration is only $150 per year which is very low. In Colorado, you have to pay a percentage of the value of the car and it’s a lot more
@@johnnychimpo7539what area of rent is “all right” with you? You gotta pay an arm and a leg to find a nice unit.. I’m a woman, I will not be living inside of a rundown building with shit window locks, lack of security, alarms, gates, and the areas that I do find in Chicago are RIDICULOUS I’m talking 2-2600 sometimes for a studio
I'm trying ...😢 It's just hard
@@johnnychimpo7539what if I beat the car with a bat? Can this make it look value
Where are we to go?
High State income taxes, high sales taxes, high property taxes, high utility taxes and wealthy government employees. Thank your local Democrat voter.
Income taxes are not high compared to most states.
@@raybod1775 A Democrat Illinois Governor doubled the State income tax temporarily but it stuck permanently. You add up these taxes and the 700 other taxing bodies in Illinois and you have criminal intent.
It's not the democrats. It's all the lifetime pensions your state pays. $137 billion dollars in unfunded pension liabilities a few years ago. Illinois
Thank you for saying thank, because I always tell the same thing to people
If call correctly, it was Republicans that did all the commercial tax cuts that raised the obligation on the working class
No. Taxes are high because of government
...and the biased media never mentions this as a valid alternative. Even at the presidential level this is not mentioned - both parties keep spending and sending money out of our country.
Lifetime pensions are why
Government SPENDING!!!
@@gregorylyon1004 are you referring to the unfunded public pensions in Chicago? Democrats have been raiding the pensions for years. Chicago is a terrible place to live primarily because of Democrats. Cook County is a terrible place to live because of Democrats. Illinois is an extension of this. I know many people now that have moved out of Illinois to NW Indiana, Tennessee, Texas, Arizona and Florida. None of them regret it and the list of people keeps growing each year. We are planning a move to NW Indiana also and I have had family in Chicago for over 100 years. You can move 45 mins outside of Chicago to NW Indiana for a fraction of the cost of living and crime. You move 45 mins outside of Chicago in Illinois and you are looking at $10k plus in property taxes on a decent house.
The state has a spending problem.
The state is a Blue state… what do you expect?
it has a marxist problem
U spelled stealing wrong
Property taxes are rising everywhere. Predatory behavior. This and many others are my dilemmas with home ownership. I feel like this country doesn't want us to own shit. That American dream died many decades ago 🤷♀️
Nah, Chicago is extra.
Not everywhere. I live in Peoria Az, and Zillow says 350k value for my shack, and paid less than $800. this year.
Property taxes are capped at 1% in Indiana so unlike other states they aren’t exploding.
They told you back in 2016 "you will own nothing and be happy" by 2030. You all voted for the politicians who are on board with this plan. You elected an openly marxist mayor. What did you expect?
Texas actually reduced their property taxes this year, also my appraisal went down
Work hard and get punished for it.
You will own nothing and like it
Pritzker called the people of the World Economic Forum the most brilliant and educated in the world.
Agenda 2030 now.
Rent goes up to.
@@ethancook5705 birds a small hat feather....
💯💯
A co-worker of mine says she's paying $12,000 dollars a year in property taxes, and she lives right outside of River Grove. These property taxes are outrageous.
She lives in a phenomenal area. Sorry, that’s reasonable for that area.
@@OhioVworld No, it's not a phenomenal area. You have no idea what you're talking about.
@@aceofknaves I misread and thought it said Riverwoods or something. My bad.
Your coworker must live there for some very high-paying job that they cannot get in another city or state.
She's paying $12000 dollars a year for lifetime free ride pensions. Cops firefighters Teachers municipal workers judges politicians
Born and raised here 40 years. I hope to have the means to leave in ~2 years or less. The leftists destroyed this state. This is no longer the home I've loved for so long.
Lifetime free ride pensions have bankrupted your state. Illinois was $137 billion dollars in unfunded pension liabilities a few years ago
@@gregorylyon1004 Not only that, the pay these state workers get for just a few years of service is out pacing what the equivalent private sector job would pay. Higher pay and great pensions is what the Ill tax payer gets to fund. Got forbid if you show up during their lunch hour to get service
While your here fight for less taxes and government.
Democrats are like locus. They destroy the field they are in then move to the next green field to destroy it as well.
I feel for you there...we are in same crap here in Washington state!!! Its a disease!
IL RETIRED JUDGES EARN $199,000.00 TO $249,000.00 YEARLY PENSIONS. YOU ONLY NEED 7 YEARS OF SERVICE TO BE ELIGIBLE AND AT AGE 57 TO COLLECT. JUDGES PAID ONLY 7% OF THEIR SALARIES. A SWEETHART DEAL
Lifetime free ride pensions have bankrupted your state
The taxpayers have gotten robbed by the judges and politicians Pensions
@@Marc-ys9og then they move to Florida
No, they earned it. How about you try to apply as Judge smh 🤦 ppl are slow
@@JesusFollower596 MOST JUDGES ARE APPOINTED IN COOK COUNTY. IN THE 1980s A PROSPECTIVE JUDGE HAD TO PAY $50,000.00 TO THE DEMOCRATIC PARTY JUST TO BE UNDER CONSIDERATION. SO MULTIPLE PEOPLE PAID AND THE DEMOCRATIC PARTY SELECTED THE PERSON. FOR ELECTED JUDGESHIPS SAME PROCESS. WHAT DOES THAT HAVE TO DO WITH INTELLIGENCE, HONESTY OR BEING QUALIFIED. LOOK UP A FEDERAL CRIMINAL PROBE IN THE LATE 1970s OPERATION GRAYLORD, INVOLVING COOK COUNTY JUDGES. EVERY JUDGE WAS FOUND OR PLEAD GUILTY FOR AC+EPTING BRIBES TO FIX CIVIL CASES EXCEPT ONE JUDGE. IN THAT CASE THE BRIBE MONEY WAS PLACED IN JUDGES BLACK ROBE BUT THE WAS REMOVED BEFORE THE ARRST. THE JUDGE HAD BEEN TIPPED OFF
Homeowners are basically paying rental prices to our landlord, the government. My property tax has increased by $2,702 in the last six years since purchasing.
You want big daddy government, somebody has to pay
because your home value increased as well. Property taxes are based on home value. Depends on state law, you can hire someone to do another Assessment of your property.
@@eile4219 The county should be forced to buy the home at 90% of assessed value. If they want to claim a home's value doubled or tripled in a year, let them buy it for that price
@@safeandeffectivelol Yep, I think that's a great idea. Gov would say hell no.
For many years i had a business in Springfield IL. Property taxes were insane, and they went up every year. I met with the Sangamon County tax assessors. They are an entrenched cabal with lifetime jobs and security. They have one goal, and that is to increase taxes as much as possible. At one Sangamon County govt building (local courts building i believe it was) I witnessed multitudes of govt employees sitting at their desks, staring at computer screens and doing nothing. I sold that business and left IL forever.
@@Handelson hmmm sounds like the majority of government jobs
yes they all do nothing all day , and now we are paying there pensions with property taxes
CROOK COUNTY!!!
There’s a great French expression….”when the disgusted leave, all that’s left is the disgusting”. Money has legs and people are fleeing from these oppressive taxes.
I live in Illinois. Property taxes are outragious all over Illinois. I know many people that has to work 2, 3 jobs 7 days a week just to pay their property taxes. Blame the democratic party! Some day maybe people will wake up to who is the blame. I'm sure property taxes are super high in the Chicago land area. I'm glad I live in a small town far away from any big city. Trump 2024!
You truly believe that Trump is going to lower your property taxes? Okay. If you really think so then roll with it. Vote red. Can I remind you that Trump gave the largest tax cuts to wealthy Americans and corporations the last time out? How much did he cut your taxes last time? 😮
There needs to be a better way to tax. Kaegi won't be re-elected. maybe the city/country should cut the jobs. People who can't pay the taxes are going to go bankrupt or have their houses go into foreclosure.
Bruce Rauner kept taxes down this is a democrat problem
I see you missed what was causing the property tax increase. The tax breaks for billion dollar companies in the area were passed on to the residents. Thats one of Trump's speaking points, but this is the real life result of that
@@oskie2058 Government always has some lame brain excuse for raising taxes! There is no good excuse! I'm 68 years old, and back in 1982 when I was married we had a beautiful $80,000.00 home in the country. Back then our property taxes was only $750.00 a year. Very reasonable! That same house today would be over $5,000.00 in property taxes. And the wages haven't went up that much to keep up with the cost of living. Also back then my former wife and I was making $60,000.00 a year together. We lived on one check! And we had a brand new car and new truck, Ford F250. Back then you could buy a nice new car or truck for under $10,000.00. Those were the good old days! But those days are gone forever. The American dream of owning a home has been dead for a long time. Our taxes have taxes on our taxes. America has become England reborn. Worse! What our founding fathers were running from. Taxes are raised for growing government bigger. We the people have to foot the bill for bigger government. I research and read about history. I do not like what I've learned. Nothing I can do about it. We are just small fish in an ocean of sharks. Watch your back and take care.
Politicians taking food from our table to put it all on theirs smdh
No taxation without Representation..!!!.Be Squadrrs as illegals are more important than residents.
They get what they voted for!!!
@@iamgermane I didnt give any voter permission to f*ck with my money and life.
You may want to turn off the propaganda and read a book or something. It's causing damage.
@@mattypants As of August 2023 (one year ago), "According to officials, Illinois and the city of Chicago have spent $350 million on the migrant crisis." So easily double that now. Chicago's population is only 2.7M. So figure a minimum of $250 per citizen. Not all citizens pay tax in Chicago, so it's probably closer to $500 per taxpayer.
@grayrabbit2211 Well, the government costs money to operate.
7 I live in oak forest. My second installment went up $1400. I am a senior citizen 72 years old. I've lived here for over 9 years. Unfortunate day, my mother owned the property until she passed away and then it was transferred to me. Now they're saying I have to live here 2 years before I get a senior I paid the taxes for the last 9 years. This is ridiculous. I'm seriously thinking about leaving Illinois.
I'm paying this much taxes on a 35-year-old building.I have no children nothing
Lifetime free ride pensions are why
Move to Indiana then. 1% cap on property taxes doesn’t care if your a senior or not.
No kids but you have to pay insanely high for the completely worthless schools.
My taxes are near 10,000 for just a small 2 bedroom brick home.. it has gotten beyond ridiculous here
For so many other reasons I don’t see ever returning
Do you vote Democrat?
I live in Gilbert, Arizona. My property taxes are about $1,700 a year. I wouldn’t recommend anyone moving here due to the brutally hot weather and lack of rain, but that’s an insane amount of money. I gotta go take another cold shower now to wash off the dust and cool off. 😂
Good luck. Stay safe.
😂😂😂
How about our new gas tax? 2nd highest in the country.
Wait until next year. It will be even higher.
My wife and I saw this coming over 5 years ago. We moved to a small farming community in Iroquois County IL. We pay half the taxes on a much bigger home and property than Homewwod IL.
*YOU WILL OWN NOTHING AND BE HAPPY*
Now you understand how you never own nothing Living in America is hell
Translation: corporations are involved in little to no taxes after paying little to no expenses for their net lease of real space.
If we don’t pay for undocumented immigrants who will ?
dems are making it easier for illegals to vote to raise your taxes to pay for their benefits
Illegal immigrants fixed that for you
SEND THEM BACK
check again what we are paying with a property tax , it is not immigrants it is state workers pensions now
Cooking that’s already budgeted !
Time to move. These property taxes are crazy
If so many people are moving out why are the home prices in Illinois still at an all-time high?
Illinois homes are not high at all. They are depressed if anything. My old home in Manteno Illinois was only worth $320 K after 22 years of ownership and I paid $260K for it. $60K in 22 years. Thats Crap. That same home in St.John , Indiana is worth $600K. and the taxes are 1/2 that of Illinois. I know, I moved 3 years ago.
@@ejohnson3837 They are all time high for areas near the city. Most people can't afford the home they live in if they bought it today.
Studio apartments by me also start at 2100 a month...
@@ejohnson3837that’s cuz Manteno isn’t where people want to live. Look up a home in Hinsdale, downers grove, naperville, lisle…those are all your 600k+ homes
@@ejohnson3837 manteno nobody wants to live in and is non equivalent. House in wheaton 300k in 2016 now its 475. Taxes are absolutely fucked in IL
@@marcISagg Highly rated school system. One of the better in the state. With a country feel.
This is why teachers and other public employees retire with huge pension packages that everyone else cannot comprehend.
People need to realize government employees pay into their pensions. So it is not free. However, anytime the government creates a program they completely screw it up. They have zero accountability.
It's the IL state pensions. The pensions accrued large benefits for decades without setting aside enough money to eventually cover the benefits. Now, that the pensions need to be paid out, more funding needs to be collected.
Chicago wants IL to fund the teachers’ pension too. Those are so underfunded. But y’all keep electing those union officials that are political hacks…what does the president of the Chicago’s teachers union make compared to the teachers she “serves”?
Exactly. That state owed $137 billion dollars in unfunded pension liabilities a few years ago.
It might be related to all the parking, toll and red light camera revenue going straight to large banks like Charles Schwab, and the fact they've raised those prices so high, tourists rarely visit the city. The mayor needs to cancel these contracts because they were formed under duress and aren't even legal.
Look up TIFs. Especially Chicago’s. ALL county residents pay property taxes to Chicago because of TIFs.
Nope. They are lowering the property taxes on big business
It sounds like big business got a break and individual tax payers have to pay that bill. Yikes…
Socialism for the rich. Rugged individualism for the poor.
That’s what you get with democrat.
Currently building a home in Wisconsin and will be out of Illinois in the fall. Absolutely cannot wait.
This wouldn’t have happened if Kaegi didn’t attempt to raise everyone’s property assessed value - commercial and residential. He thought he was doing the right thing and it ended up screwing everyone in the county.
Oh my! Sounds like being a democrat is coming back to be a major problem and being a sanctuary state! You think that there is no cost for illegal immigrants and having the Biden mindset? In CA we feel your pain.
So you missed the part about the Republican style tax giveaways to the corporations?
Again to keep businesses in state and in our country, duh!
@@republicunited2183 Like Walmart who pays so poorly we have to compensate their employees with welfare and tax giveaways while they make record profits.
It makes zero sense to come on here defending those poor billion dollar corps. Lower overhead won't translate to lower costs, it's all about what in their words the consumer is willing to pay.
Nothing good trickles down.
Byyyyeeeeee!!! Escaping Illinois was the greatest thing ever to occur in my life. You can’t pick where you’re born unfortunately. Life is amazing not being an Eskimo! I regularly have nightmares about miserable Illinois though….
What states would u recommend to relocate? #Askingforafriend
Don't come to Hell Florida unless you want to pay outrageous property taxes and HoA fees
Yup. Bolted out of Chicago in ‘04. Then Illinois in ‘10. Great decisions. They just keep squeezing you out as if you leaving benefits them.
@@k.chriscaldwell4141 what state did u land in? Seems like everything will cost.... maybe a little... maybe slot, but it will cost.....
@@lavellsmith8613 NW Indiana. I spend most of my time down in Mexico. Oklahoma is a good overlooked state. Texas is getting crowded.
And seeing what the leaders fleecing everyone spend this money on is infuriating
Invaders is what they spend it on
Imagine paying high income tax and then high property taxes.... But you guys keep voting blue..........................
I've lived in Matteson for 3 years and my house taxes went up a 1000 every year. I pay 14,000
In Matteson as well taxes just went from 10000 to 13000 this year alone
This is why I prefer be a renter. Why buy a home if you still have to pay rent in the form of property taxes and then lose all your capitol? The taxes are almost just as much as the rent!
You rent a house or an apartment. Apartment is somewhat reasonable but renting a house is insane
My rent for the year costs the same as my parents property tax for the year
I’ve been a renter for the past 14 years. Shopping for a home finally. The huge downside of renting is you don’t gain equity. One of the easiest ways to create generational wealth for your family is in real estate.
There is a reason Black Rock and State Street has begun buying entire subdivisions out to rent them to us. They realize they don’t want us to have that ability for generational wealth. Trying everything they can to crush the middle class so nothing is left.
Invest the difference.
your land lors will increase your rent , watch ,
@@fabianescoto6046 Yes, property tax is probably about a third of your rent price in most states, maybe half in Illinois.
Yep, locked into a negative feedback loop there, but that's the cost of Democrat playtime.
Yup. I researched the decline of Harvey, Gary, and Detroit. Legacy eruption (with a “C”) coupled with extractive property taxes due to same. A negative feed back loop, but its exponential-The fall accelerates ever faster. That’s why Harvey was thriving in ‘70, then its mall used as a punchline in a movie by ‘80.
Indiana is full. Michigan has room for lots of liberals.
Thank you for supporting our economy in Pure Michigan. Indiana residents are coming here in droves to buy marijuana and seeking abortion care.
@@bluemax2072lol Detroit is the worst city in the Midwest
Fact: Michigan is a purple state and will likely go for Trump in 2024
@@0d1n253After the Snyder fiasco and Rumps awful job last time I doubt it.
@@bluemax2072 marijuana use must lead to an abortion.
Leave and take your dollars with you.
I pay $8k in Texas, and we are red. Those people saying democrat states pay more are so ignorant
1600sq home
Me too, 1300sqft home, $6k tax in TX
I pay 1000 per year and am not telling you what state I live in
@@raydemos1181 It's probably Alabama.
I paid 20k for rent, so you are still doing better than me.
Kaegi declined to state that prior to this, he increased commercial property taxes. Now that commercial property owners (which includes small family businesses) had taxes reduced slightly, he’s blaming Walmart and Home Depot. It’s the Illinois senators and representatives that approve the budgets. Everyone needs to get on the phone with their Illinois senators and representatives and tell them to prepare a bill that reduces the budget in their district. School districts can have resources consolidated and public pensions should have caps on the amount that taxpayers contribute.
Southern Illinois here. Voted red my whole life, county votes red, surrounding counties vote red, but we still suffer because Chicago. Those who say "you get what you vote for" have a special evil coming their way because no one from central illinois down voted for this
You mean Shitcago?
The librarian for the school district retired and makes between 120,000 and $130,000 a year in retirement. That goes up 3% every year for the rest of her life and includes free healthcare. Don’t complain about your property taxes. She needs to make some serious money from her pension on the back of the taxpayer.
govt jobs should not be careers to retire from. there should be no pensions or insurance after leaving the job.
All of you people in IL need to stop paying crooks, get together unify and don't pay them. Then negotiate a fair property tax deal like a 3% increase with a year over year cap of no more then 5%.
3% what are you talking about , we pay now 3% property taxes , taxes should be 0.5% no more
@@cookingwithradathat guy has no clue what he’s talking about. He thinks it’s like paying rent
Too late for that
I moved from Illinois to Iowa and I pay exponentially less in taxes. Property taxes are less than half of what they are across the river, my car registration is cheaper, gas is cheaper, income tax is significantly less. I wouldn't move back to Illinois if you paid me to.
I have a 2 bedroom 1 bathroom here in Michigan. A little less than $2k per year in property taxes. I feel blessed.
Is this part of Bidenomics🤔
Of course, raising taxes is always part of Dems plans. Gotta pay for spending sprees on illegals and kickbacks
The gentleman gave you the answer Republican styled tax breaks for corporations are killing us .
Not! Tax cuts for big businesses keep businesses in the US. Dems want to fund illegals, so they get votes. Plus, stop wasting money on BS programs.
@@frankd.506BS. Those corporations are paying 10k% more than you. Quit your sniveling, leftist.
@@frankd.506lol yeah republicans tax breaks are why the average American in Chicagos tax bills are skyrocketing. Mental gymnastics gold medal.
Home Ownership is a lie! You rent from the town! They just switched out the word Rent with Property Tax so you would maintain the place! Your taken for fools! Go check out the lease at the town, all the rules and regulations you have to follow. Stop paying them and you'll meet the real owners! They don't need the tax money, they raise the debt limit at will, Greenspan had said the USA can never default on its debt because we can just print. that's telling you, you are getting taxed for nothing but control! Do you know how much property Tax is in all the things you buy like that sandwich from the grocery store? A lot, all goes into cost of production and passed to you! You pay for all Home Depots and Walmart property tax, again it goes into cost of production, you want companies to pay zero tax always!
Shocked it took news orgs this long to start sharing this. Shameful. Illinois is a money sucking machine. Taxes go up, but services get worse. Where is it going?
I highly recommend everyone overwhelm your school boards and have them cancel sports. You will see a 40 to 60 percent decline in your property tax bill. Blame the school districts who are failing the students anyway.
Gotta be careful where you buy property. In many cities, it can make your entire paycheck property of the city.
Stop complaining people, your teachers and state Hwy workers are making bank with good pensions. This is what it takes.
If Illinois took ALL (100%) of tax revenue and put it toward only the pension obligations it would take about 15 years to pay for them. Illinois is a failed state. It is just hiding that fact very well.
Mine went up a grand because of greedy school teachers. Dont know how people less fortunate are going to make it
Greedy School teachers????? You mean the board and teachers Union. Teachers themselves are barely getting by
@@darienford860Gtfohb the teachers make 120k a year.
I worked within the 600 😊Public schools for Chicago public schools and these teachers don’t deserve it
@@darienford860 mayor urkel is going to give them a big raise at your expense - remember the CTU got him elected for that very reason
You mean the school teachers that make 50k a year?
It's not just IL, also NJ, NY, NH, VT, OH, HI etc etc. Sanctuary Cities/States, rampant Inflation, lots of cost inflating issues pushing up taxes. They're going to go after it someplace.
IL is second only to NJ in property taxes.
New Hampshire has high property taxes. But they also have zero earned income tax and zero sales tax. Seems like a good trade off if you’re younger.
Did you watch the full video? They reduced taxes on businesses and increased for home owners.
Virtue signaling is really, really expensive when you have to actually keep your word.
Thanks Governor Abbott. Best Governor in the USA.
What do non-citizens pay? Can you imagine paying these properties taxes, paying taxes on everything except for breathing? I did a land value complaint. My land supposedly went up 900 percent. Did you read that? And my property value went up over 100,000 dollars. How? In this economy, post covid with inflation, how? They need money for pensions, the coming burden on the school system etc. and the middle class is going to pay for it until they crush the middle class into non-existence. Why not use the 100’s of millions they are spending on non-citizens to give the citizens a break? I’m tired of this. Streets suck, schools suck, our politicians… They are working against us and not for us.
I moved this year from Chicago heights this was a best decision ever, Illinois is dying and they dont want to admit it.
Its the schools, I"m paying them almost $7000 a year out of $9000 in taxes. This needs to be fixed.
Politicians from only one party have been "managing" tax income for decades.
Will those angry homeowners continue to vote for the politicians that provide housing for "migrants' while homeowners risk being made homeless by the same politicians?
EXACTLY!! HERDS OF SHEEPLE!
Yes these property taxes are VERY LITERALLY INSANE. MY SHIT WENT UP 243%!!!!!!! An extra $1,200 on my mortgage payment 😩
dems think you need to pay more for all the reparations, social programs, and illegal invaders
Holy what area ???
Wow, time to sell
mine up $1600.00......this is the biggest BS I ever sew in 40 years living in IL
But Pritzker claims it takes an educated person to understand why.
7,000 to 11,000 in Glenwood Illinois.
Indiana has a 1% cap on taxes. Your home is worth 100K, you pay $1,000 a year.
They are trying to stop business leaving from theft
You have to pay for the immigrants you invited to your sanctuary cities. It's not free, vote differently.
Pay for them Illigals 😂😂😂😂😂😂
check again , it is not illigals
Come on Man!!!!
They need more room service and another free $2K debt card this month. J. Biden.
Good Illinois is too crowded everybody get out.
Nah, Illinois has been losing population for the past decade. The taxes are going to continue raising to make up for that lost tax revenue from people who left.
Property taxes = rent the local government charges you for the privilege of being allowed to stay living in the home and land you supposedly "own". It's essentially a modern version of feudal serfdom.
I have been speaking about this for the last year I have sent emails to the Illinois Governor the Senate and the President this increase in property taxes is ridiculous...And they are doing nothing about it and if they do it's only a couple hundred dollars decrease just to feel like their helping!!!!
I have commercial property on the South side, Chicago. It was five thousand dollars.Now its over twenty seven thousand dollars
OUCH!
The time frame of three weeks from the tax bill is out to the due date is so short, leaving not enough time for people to prepare for the payment.
This is the exact reason why my wife and I left Crook County 4 years ago and moved well over an hour from Homewood IL.
I just bought my house 2021 in Homewood....I'm selling in 2027 when my daughter graduates. I'm tired of this....
Why do I have to pay taxes on property?
It’s getting ridiculous! My property value didn’t go up but my property taxes sure did!! They went way up!!
Our property value went up but it’s not like we can eat that. It really annoys me when people say oh your house is worth a lot more than you bought it for and I’m like I’m paying higher taxes and I don’t get any benefit out of it until I decide to leave. Dealt with violent crime and get a bill.
@@kate7478 I get it!! Nobody should have to pay $12000 plus just to live in their house!
Should have moved to Indiana. 1% cap on property taxes ftw.
@@EBIndy Yeah, but then Id have to live in a shithole state!!
Someone has to play for the future Democratic voters, politicians security, and all the programs that don’t help in everyday life.
They stayed in southern Cook county for the report. Would love to see a report including DuPage, Lake, Will counties too for compare and contrast reasons.
One thing that I don't see this segment addressing is the fact that in the Chicago suburbs, home values have skyrocketed at an unsustainable rate for the last 4 years. A Home that would have sold for $300k in 2020 will easily fetch $550k now. Nothing significant is going to be done to reduce the tax burden on homeowners until residents start fleeing the state in large numbers. And given the current state of the housing market, that is simply not happening.
Leaving IL for good last year may be the best thing that has ever happened to me, and I was not even a home owner paying much too high property taxes. Get out while you can. IL is a failed state that will not hesitate to take you down with them.
Don't sit on your assets and let millions of Democrats in your new location turn it into another Illinois.
@@robertcuny934 Sound advice.
Nixon did it
We need to move on and start blaming Eisenhower.
@keefmeister77 He's going to blame lincoln next and all the white soldiers families during the Civil War.
@@JacobSchmitt-j8p we are the only interesting parts of their story 😎
hacktually it was Chinese Monks from the 9th Century, who invented Gun Powder.
@@techweenie1 my fellow techie 🤙
Ridiculous property tax has to be taken off. No one should be paying taxes on something they own.
Mine is at $8,800 in Grundy county which is about fifty miles south of Chicago and we are done. it increases about $450 each year and no one want's to work on lowering them so as soon as my wife retires, we are leaving Illinois.
That's what happens when one county decides an entire states policy's
Mine went up $500 for 2024. The average property tax rate in Orland Park is 2.41%, while the county average is 2.68%. The lady above must have a very nice house. My property tax rate is 2.63% and I pay $6200 a year.
Orland park is the worst area on taxes soon it’ll be 15k !
They can't really blame large corporations... Walmart drops 1/4 a million is only 250,000 that is 250 residents at $1000 but these residents went from much lower numbers to much more than a $1000 increase.
The government seems to be overspending & overcharging.
Big Tax Reductions for Big Businesses! Corporations are doing quite well these days.
It is not the deductions. It is the businesses that have moved out of the state. More and more every year.
@@ejohnson3837 Maybe it’s both? Not just one impact. It all adds up.
My nice lives in lake in the hill and she says she pays $12.000 a hear HOLY 💩💩💩 Illinois how do you do it no wonder so many people live in the streets 😳😳😳.
Focus on your GED 🥱
They are increasing property taxes because majority of the higher income earners left the state. I used to live in Peoria, IL and we moved here to Vegas 2020. We sold our house in Peoria and had a home built here in Las Vegas. Our property taxes in IL was $2200/yr for a $70k home. And our property taxes her in Vegas is $2700/yr for a $492k home! Illinois is highway robbery! If you can, move somewhere that doesn't have State taxes, like Nevada. We never thought we'd be here but it's been great All 4 yrs. God bless you all. Hope you get justice.
Whats the point of owning your land if you have to pay big money to the government. We ought to protest against this and put those in charge out of office with or without violence
They politicians need money for immigrants