By: Diane Benjamin
Illinois is second only to New Jersey for the highest property taxes in the country: https://www.fool.com/research/property-tax-rates-by-state/
Last year many local government seized the increased assessed values of your property to collect more property taxes.
They are taxing you on unrealized gains!
If you don’t plan on selling your home the assessed value is meaningless because you may never see those gains. There is no difference between what they did to you and the lefts proposals to tax increases in stocks or your 401K before you ever divest of either. You will never get money back when the value decreases. The tax rate will simply increase because government isn’t capable of cuts.
Americans For Prosperity suggests you ask people on the Illinois ballot in November what they WILL do to stop this fleece while politicians hand your money to illegals. You should be appalled budgets and taxes keep going up while your ability to pay doesn’t keep up. Want to stop rent increases? The increasing cost of buying a house? Make the State fund education instead of homeowners. Better yet, school choice would lower property taxes through competition for students. Of course you would have to leave Illinois for that because the unions would never allow their bought politicians to rule with common sense.


