Friday, April 29, 2016

Illinois' property taxes highest in nation, study finds #Taxation

Romans fled from cities as taxation and violence spread during the fall of Rome. Migration from Illinois, Chicago or other states and cities will continue as long as taxation and violence rise to unacceptable levels. While Americans generally cannot see America's migration parallels to the fall of Rome, they might if they followed the money rather than headlines. Recognition is coming, but it will only come after substantial pain and loses.

Headline: Illinois' property taxes highest in nation, study finds

Just when you were breathing a sigh of relief at the close of another tax season, a new study comes out showing the hit that Illinoisans take on property taxes compared with residents in other states.

Illinois has the highest median property tax rate in the nation, with various agencies and entities taking a combined 2.67 percent bite, according to a CoreLogic analysis of real estate property taxes nationwide.



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