Cook County property taxes are higher in the south suburbs than in the north suburbs, largely due to how they're used to fund schools. FULL STORY: abc7chicago.com/post/cook-cou...
The biggest culprit, as always, are the Public Schools, which make up about 65-70% of the total property tax bill. Public Schools should not just get what they want from property tax payers anymore--without public approval. Meaning, property owners need a CAP on property tax increases at 3% AND voter-approval for any increase beyond 3%. Maria Pappas's department (Cook County Treasury) is actually the Cook County Collections Agency, and will make your life a living hell if you do not pay your taxes on time. The chain of events that will occur are listed in the following order: Interest Fees, Penalty Fees, Tax Sale, Tax Lien, Tax Foreclosure, and finally loss of home, and out on the street.
I blame the politicians. They don't believe in a budget but think they can just keep spending and raising taxes to pay for it. As long as we the people don't hold them accountable and force a law that states have to balance their budgets, including the federal government, this will get worse and worse. Today it's your neighbor, tomorrow it will be you!!
You must be taking about the concept of “ Infinite obligations, finite contributions” The thought of spending money like a sailor- no putting away shit for a rainy day
I have been paying city school taxes for years !!!....i don't have any kids... I think when you retire let the younger childbearing generations pay for their own children !!!! We now need to have been prepared for our own retirement and health care and costs ...
This governor is so full of shit, well, keep raising taxes. And the state will be a ghost town. Let's start with the pension and stop with the increase every year for retires!!!!!!!!!
We shouldn’t have to pay for abandon properties or ridiculous prices for schools. We can home school. My name is not on any of these properties so I’m not liable for their lost funds. I hope it’s illegal so we can do a class action lawsuit. It was a slap in the face saying that we have to pick up the taxes. So, if it was one resident in the town. Will that one person have to pay the towns taxes? Crazy! Let her pay it!
I wonder if the relocation of so many people from Chicago projects after razing contributes to this problem? Someone should study the history and trends.
This will only give large corporations and hedge funds a way to profit from the lack of a basic human need: shelter. I hopes that people can’t afford their home and thus loose them.
You can thank the Democrats for reckless spending and forcing industry to leave to other states. I know of one house in Glenwood Illinois where the tax has increased by 75%. From 5,200 to 8,900 this year.
Why aren't city leaders preparing for the future? Costs are always going up...we don't need people to collect money any more !!!! The tax office in my community has at least 30 workers or more ..just sitting collecting money all day....why don't they have....kiosks ... can you imagine how much is being paid out to city workers for payroll !!!! My and your tax dollars....
AA communities surprisingly have hardly any retail businesses so they put the burden on residents. But our donut eating governor tosses money to illegal immigrants all day. Nice state. See ya John Deere
(Aside from corruption and overspending by public school system) Biggest culprit is TIF. Tax Increment Financing. TIF reform (ideally, abolishment) as well as enforcing laws on the books to harness rampant corruption would start to turn the tide.
This has been a sensationalized story for years, and this most recent video offers another example of the direction of the local media. There is indeed a problem in the South Suburbs, and the entire state of Illinois for that matter, but when only partial truths are revealed in a 4-minute segment, it creates more confusion for regular citizens. The tax rate comes AFTER the levy, and will adjust accordingly as the assessed value increases (which is highly desirable) or decreass. The inaccurate suggestion that a homeowner's tax bill will double year-over-year under normal circumstances is absurd...I have also proven this statistically by reviewing more than 20 years worth of Cook County property tax data.
Then explain a $12k per year in taxes on a home you can barely sell for $200k in the south burbs. Meanwhile a sprawling home in Oak Brook is paying less in taxes for their home. Crook County mismanagement.