‘We are in peril’: How skyrocketing property taxes are threatening the future of one Chicago neighbo
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- Опубликовано: 5 фев 2023
- Homeowners in Pilsen saw an average 47% increase in their property tax bills, and it’s not just families feeling the financial whiplash.
The problem is y'all keep voting them in
Edit: 500+ likes thanks guys!
Every Chicago candidate NOT ONE IS A REPUBLICAN! It’s like stupid can’t be fixed in Chicago. 😂
And they will again
These vote blue no matter who clowns are the reasons this keeps happening. Don't expect them to learn their lesson.
@@MarkWongMD Some one has to pay for the ,6.5 million Chicagoland residents that don't work , I don't get anything from anyone ‼️
Democrat voters are ignorant and LAZY.
They tell you property taxes pay for schools, but never mention that the school students cant do basic reading, writing, or math despite an endless money supply.
But a teacher leaves a student unsupervised for 5 seconds, bus driver doesn’t know a student on the back of the bus gets assaulted or student from a troubled family commits suicide and everyone posts that the parents should sue the school district. Where do they think the money comes from?
Every Democrat family is troubled. they can't even tell if they have a son or daughter.
I don't have kids..I could care less about schools..
@@cld4393 I don’t have kids either but care to the extent that I’d prefer to live in a moral society of educated, self reliant individuals capable of critical thinking. Instead the school systems are producing ignorant and ideologically obsessed emotional infants.
@TexasClawHammer I'm ready to leave the usa..sick of all of it.....not going to argue and fight ,to see nothing change...everyone keeps talking voting...nope..time to over throw
The gaslighting by these government officials is unmatched.
And shameless...
Don’t pay your “rent” to government? Get evicted sadly.
Founding fathers would have already went to war. Enough of the parasitic government
They're good at it. Chicago politician have been doing this to their voters for decades.
Gotta love the way they go straight to a false choice: Either commerical property must pay more or residential property must pay more. Never do they address the basic idea of government spending less.
Ropes and light poles need to be merged.
Nope. Just talking about how to cut up the tax liability pie. Not how to make it smaller
@@foamyzvideos2617 This reminds me when I lived in Winter Park, FL during the GWB years, which was a Republican stronghold. Residents rebelled against raising taxes so the government spent less. One of the cuts was to public school budgets, including buses - there was no school bus for anyone living within 2 miles of the school. Of course there was another uproar. I cracked up when I saw a woman interviewed on local news, with her GWB lawn sign and 2 SUVs in her driveway, complaining about having to drive her kids to school.
lol there are NO more businesses in Illinois. Too much blacks.
I wanted to throw up every time these greedy government officials said that since the business valuations went down, homeowners' taxes had to go up to make the difference. That's a lie. The government can simply do with less, just like working people do when their sources of income go down.
Nice catch, you are correct. However "these greedy government officials" must be "forced" to live just like working people they will not do it on their own.
Exactly
The fact that government can inevitably make "big business" the fall guy is a tried and true method of deflecting blame. I'm sure there's a PowerPoint presentation on someone's office laptop that details how to do it effectively. Required training for every incoming fledgling bureaucrat. Corporations have a host of sins that can be railed against. Let's at least be honest about them...
but the Teachers.
If what they are saying is true… I wonder why they went down… hmmmm…
Best decision we EVER made was getting out of this wretched state. Nothing but crooks everywhere.
Sounds like Illinois lost an individual/family or business that should have been part of the solution. Illinois' loss and they are poorer for it by every measurement.
Same here, I left back in 2000
Sadly true. The politicians and taxes make it impossible to live there peacefully
I left 10 years ago. I miss Chicago, but not all of the crime, fees, and taxes. Think twice before you vote next time.
I'm from Indiana and we cant stand Illinois. its a horrible state with horrible politics and they try to come over here like a cancer and change us. Illinois needs to be gated so they cant leave. Indiana/Ohio/Kentucky get along we cant stand Illinois or Michigan.
We saw the same thing in Utah. My property taxes have more than doubled in the past ten years and increased about 25 percent from last year to this. Property taxes based on the value of your property is really just a sneaky way to tax unrealized gains. I think you should pay taxes on what you purchased your home for when it was bought and that’s the “value” so as long as you use that property as your primary residence. For seniors that paid a low price for their homes decades ago can’t get priced out of the home they worked so hard to pay off and retire in.
Exactly... my father bought his house in 1968 for like $20k... houses are selling for $300k and his taxes reflect it! BS!!!
this is how the evicted most of native hawaains out of their land. just tax them off it
That's how it is in CA
I left Illinois years ago. My property tax was $5,000. Years later in a comparable house in western North Carolina, my property tax is $1,100 and the schools, roads and other services are better here than in Illinois.
Just don't vote for the same kind of people you voted for here and make North Carolina shity too
😂 the federal government should invade illinois and bring it freedom how is it even a part of the US
So they can steal your property.
Exactly. Pilsen is prime land. They are going to move everyone out, build apartments, and move young professionals in. It will be interesting to see in the next 20-30 years.
You will own nothing and be happy.
That's all govt has ever done. They steal and destroy under the guise of helping.
@@71torinoman LA now VEGAS
@@71torinoman They go onto the streets where Democrats pick up votes pretending to care about them, when it was they who put them on the streets.
Even if you own a house with no mortgage, you're still renting the land from the government.
I’ve been saying this my whole life!
@@andrewdiez1706 it's fucking Ludacris. They can just impose these yearly taxes on you. One year you're paying $4000, next year they can double your payment. It's all a rouse, we own nothing.
@@andrewdiez1706 Yes but kick me out of my home if, GOD forbid it from happening, I have lost my earning power or have a horrible string of bad luck, where do they think I’ll go? Freeze to death outside while someone takes my house? Yeah right! Can’t beat a person with nothing to lose and when I’m dead, I’m dead but so are other people. Btw my house will be destroyed and the land contaminated.
That’s one way to deal with this madness.
No, you are renting the land AND the house. Property taxes go up when you make a renovation to your house, for example, because the valuation of the house (and the land it’s on( increased.
@@orppranator5230 ok. Either way, you own, nothing!
Like I said before you truly never outright own your home! Once you stop paying property taxes you will lose your home 🏡 💯.
Someday there will be gold backed money and capitalism. No property holding taxes in our ideal republic.
@@box2519 funny how 80 years ago they introduced taxes to tax the 1% and everyone cheered now look whos being taxed
The people who are having the kids in schools should be paying for those schools - not property owners.
Cook county needs to live within their means. Stop pick pocketing purses of the residents. Cap the annual property tax increase.
Exactly, they need to CUT ALL SALARIES 20% , no exceptions.
Telling democrats to live within their means is like telling a crackhead to cut down on crack.
Those are dangerous thoughts. I really hope you are planning to give up your guns.
Cant because they like free stuff
Teachers are underpaid
This is the inherent flaw of property taxes. You punish people for making their neighborhoods better/successful. So next time there's a opportunity to give business opportunities,fixing the sidewalks, or adding public space, people won't want it for fear of higher property taxes. We need to replace this with something else.
The people being pushed out didn't make their neighborhoods better. It is the new people moving in that do. That's how gentrification works.
@@krnpowr you don't necessarily need a high income to make a neighborhood better. A low income person can clean up the streets, participate in public performances, fix their houses, attend school board meetings, or be politically active. Granted, having low income gives you less time to do those things so the progress is slow and steady. What really helps is the welfare. That way the costs for necessities are partly or fully paid while we can spend our remaining money in improving our lives.
@FriskyDingo question how is the tax for people over 100k right now and how much does Johnson proses to raise it for them.
@@krnpowr 100%.
Listen .. the multi-family you bought 10-30 years ago is worth much more.. I guarantee each home owner has at least one child in cps @$25k/pupil a year .. you have to pay your fair share Pilsen.. the Northside can't supplement the entire city..
my state of new jersey is a nightmare too.
Odd that no-one mentioned OUT OF CONTROL SPENDING which then drives the need for ever increasing taxes. (And, still the schools do a miserably poor job of educating the children - but the teachers are being well paid!)
I had someone standing behind me while I paid my tax bill. They couldn’t believe what I paid-close to $13,000. My taxes are more than my mortgage portion. We live in not Cook, but Crook County.
😂😂😂😂
OMG, $13 000, for real.
Wow
That is insane.
Damn..13k.....around my area its around 11k...still just as bad.
Start voting with your brain and not your feelings 🤣
I'm so sorry! No one in America should have to put up with Lori Blackfoot!
These politicians don’t care about us
They are laughing inside the Masonic Lodge until they get blue in the face!
Also at the World Affairs Council!
... and they never will
You just figuring that out now?
I grew up in Glenview. My parents bought a house back in 1999 for $206,000 and our property taxes were around $6-7k per year and going up every year. We couldn't afford it, had to move out. Worst thing is 45% of that went to a HUGE library that nobody wanted nor uses. Horrible state, can't wait to graduate college and move TF out.
That much never goes to library police or fire. It’s all teacher retirement, schools, community college.
Vote Republican
@Benny Hill I still live in Illinois but I go to college. Also, there are only 2 other states with as bad property taxes. I just want to live away from everyone to be real. Maybe Nebraska, Montana, Ohio, Alabama, Texas.
@@bobcortez9471 lol you stupid? Texas a Red State has some of the highest property tax.
Big developers can literally force people out of their houses by raising the value of surrounding property, causing the taxes to chock people out and be forced to sell. Property Taxes need to be locked in at the time of purchase and only allowed to change if the property is transferred to a new owner.
very good idea
This is why people are leaving Chicago and the near Suburbs for other States.
They are chasing away their Tax Revenue Base.
They vote Democrat then relocate to an area that’s always Republican yet still keep on voting for the DEMOCRATS they keep voting for! Cancering one place to another!
Stay out of my state thank you. We're full.
@@LGTheOneFreeMan you will own nothing and be happy.
I'm in Phoenix, my $330k house taxes are $117. a month.
@@eckankar7756 yes, but Phoenix is hotter than Hades.
I don't know how people live in that place. You can literally fry things on top of your car in the Summer with just sun light.
Property tax is the biggest scam by the taxing authority.
Your income doesn't change, but property value goes up, taxing authority wants to charge you accordingly. In less than 24 years, you pay your home's value in property tax.
Counties are laughing all the way to the bank. They give themselves raises. You are screwed.
Would you please present the math on that 24 year claim you made?
I might not live in Chicago, but even in the face of increasing property taxes in my area this doesn't sound mathematically plausible
This is why I don't want to own a home anymore. I own one in the middle of nowhere and it already costs too much, that's enough for me.
I moved in early 2020 and am so glad I left. I paid close to $13k in property taxes during 2019 and I questioned what the hell I was getting for it and that was before the city officials chose to allow the crime in the city to skyrocket. Taxes on a $1 million home in the northern suburbs of Chicago, such as Winnetka, might be close to $30k/year. In Tennessee, taxes on a $1 million home in Brentwood, the wealthiest city in the state, are around $3-4k, if you can believe that, and the public school system in Brentwood is not exactly inferior to that in Winnetka.
Unless you have family ties or cannot move due to a job, there is not much reason to stay in Illinois.
The taxes are cheap just north of lake cook Road, they need to move the county line down to devon ave
This is a crime against humanity. We need a million people in the streets.
@T Karcher
How about you start first in the streets for this cause and see how that works out for you keyboard warrior 🤣
@@kelj4517 Go to the chancery court to see how this happens. Clueless.
Seattle, San Francisco and other Marxist/Socialist cities already have thousands of people on the streets and the government IGNORES the taxpaying public.
Whit guns.
Why not just vote instead?
I'm 60 years old I'm on a fixed income for the rest of my life there are no alternate sources. I've been searching homes and properties in different areas in the United States trying to figure out how the hell I can pick a place to live and avoid this inevitability for as long as possible that seems to be coming to every town USA.
California has semi capped property rate. youre property taxes are based on youre assessed value and it only changes when the house is purchased. Buy a cheap house in an undesireable part of CA and you taxes will be very low
Ca can only legally increase the rate by +2% every year
live in a motor home, at least you can move every time madness catches up to you.
I moved from Kansas to Illinois and with a sixth of the property, my property taxes are six times higher here. It’s a strong motivation to move to another state.
If you know enough about illinois in totality it seems moving there is a mistake for anyone
Why would you move there 😭😭
This is what you voted for.
Bullshit
And what they keep voting for
Republicans also give tax exemptions to the rich, what's your point?
Yes Democrats are ther ones slowly taking away but let them keep being stupid stupid will cost you
And they will continue to as well. Watch them elect Lori again 😂 pretty soon they won’t be able to vote this moronically because they won’t be able to afford to live in the city
"Why does Cook County need so much more tax revenue and who is spending it?" should be the first question.
gotta pay pay for illegals streaming in getting hotel rooms, food, meds, cash, ..somehow
The jews
Every time I want to invest in a house and its these videos that make me pull back.
I call BS. These people are blaming commercial property owners for shifting the burden when it is the tax and spend Democrats that have vastly over taxed both home owners and commercial properties!
Take to the streets! Vote them all out!
People like you are the problem. We don't live in a civil society anymore. Through graft and BS these people circumvent your vote or buy others'. If you want them gone you're going to have to do it yourself. Quit offering "nothing" solutions like pulling the vooooote lever harder and harder, and expecting a different result. They typically will ignore you and even then, if you're lucky and vote them out somehow, they get replaced with some other milquetoast politician who also continues to do the same corrupt things. You people won't do anything until you're starving to death in the street throwing rocks and swinging sticks at each other while these people flee to safety away from you. I genuinely can't tell anymore if you people are trying to be legitimately nice to people until the end, or if you've been bred down to such a low IQ that you cannot honestly fathom the idea of bringing harm to another "person" because they've destroyed your life, livelihood, and general prosperity.
The problem with property taxes is that they typically reflect the market value of the home (or property in general) which they really shouldn't. You shouldn't have to pay more taxes because a home you live in is somehow worth more money which is only based on how much people are willing to pay to live in your neighborhood. Parcel taxes should be the extent of what property taxes are, you need a little extra money fine let people vote on it, not making as much money? FIND OTHER FUNDING. The point of owning a home is that you no longer want to rent, now you're just renting from the government and if you don't pay they'll kick you out of your own home and take it.
@FriskyDingo True enough, if there's one thing politicians don't ever want to do is to cut their revenue sources.
Everyone gives crap to California for prop 13, but the reality is that it has largely saved homeowners from multiple explosions in the real estate market. Sure people who buy new into the insane market end up paying relatively large property taxes (or the renters do when the cost is passed on) but someone who owned their home for a while won't all of a sudden be priced out of living there because their 1200 sqft house is valued at over 1.3M (not speaking from experience or anything...)
Screw you, what about people who can't afford a home because it's supposedly gone up in value? You're only thinking about yourself a-hole.
It should absolutely be tied to the value of the home because the homeowner can "double dip" by sitting on a GROWING Gold Mine while not paying the taxation for it.
A more pragmatic solution should be allowing the homeowner to make a choice that if they don't want property tax tied to the value of their home, then they should not benefit from increased home values.
This is what public housing does. Public housing will sell you a home below market value but then not allow you to resell it based on market value.
Hence keeping it "affordable"
But you like give everyone free stuf
@@Jorge-ww9zy You mean Communism?
Commercial property taxes have dropped off a cliff and now cities are expecting residents to make up for it. I warned about this in 2010 in my city council interviews. There is no future for cities in the current capitalist-corporate paradigm.
Parents need to pay more per child for school taxes they dont pay enough to cover their costs. Monthly property tax costs are now at mortgage levels.
This is ALL over chicago.
Yup! Mine went up $4,000 within 2 years. And I'm in the suburbs of cook county.
You have to pay Chicago's legacy costs.
WARNING: DEMOCRATS AT "WORK"
Its happening everywhere!!!
People should be protesting for this. This is crazy.
They would rather be distracted by other minusia, blm, chinese blimps, donald trump anything except the stuff that actually impacts our lives positively
This is just the tip of the iceberg ... who else is going to pay for the 50 year old retired firefighter, policeman and city manager?
An increase in taxes of this magnitude is politically very sensitive and it is incredible they proceeded with out preparing their constituency. They should all be thrown out of office.
Instead of trying to figure out which party, commercial or home owners should be put on more burden, how about lowering property tax for everyone?
Are you crazy? Lowering property taxes for everyone will leave no money for the corruption in Chicago
No, not everyone. Just the working and middle class. The wealthy 1% and corporations are not equal to the middle and working class. Their obsessive greed and desire to control wealth is responsible for the inflation of real estate
No! It does matter; The political party that has run Chicago for eighty-plus years should be held accountable. Your child-like mentality is why your property taxes are sky-high. You refuse to acknowledge and hold democrats accountable. There is only one political party in Chicago holding power. Yet you foolish people will not hold them accountable. They should price you out of your homes for your foolishness and inability to pay attention.
@@luzmarie9014 what are you talking about? (Please cite your sources.)
Lol… you leftists are funny
Lori Lightfoot friends get massive tax breaks for politicial contributions.
Mor-gage means death grip.
The word mortgage is a French Law term meaning "death contract", meaning that the pledge ends (dies) when either the obligation is fulfilled or the property is taken through foreclosure.
This my worst fear as a homeowner . My taxes went up $500 bought this house at 24 now 27.. luckily I did a Tax exemption provided by my city .. looking to buy a rental property in a neighbor state where rents are just as high here but cost of home is 30% cheaper to buy to offset my costs
The lake front property in my area is 10k a year in taxes. Most people here make 30k a year. So if they had a family home that grandpa built with his own hands, they can no longer afford to keep it.
If grandpa built it with his own hands, there shouldn't be a mortgage on it (unless they borrowed on their house). Therefore 10k tax bill on 30k salary is 1/3rd which is typical housing cost.
@@found_treasures831 But with a mortgage you eventually pay it off and can live out retirement with less worries. With taxes you’ll never be rid of it and will have to keep paying it indefinitely. No peaceful retirement.
@@found_treasures831 30K a year minus income tax, so not 1/3 of the salary
@@ninjagirl226if you own a home, wether or not you’re retired you always have to pay the taxes on it. Also, if you have a house paid off you’re doing way better than most
@@dcg590 How else do you buy a house? I’ve been saving for years now. And I’m hoping to buy my first house in full in a few years?
OMG…this is insane and frightening to the entire country. Not only is the assessor biffing the homeowners, but even if he claims his office needs time to refine the process, W T F happens in the mean time? This infuriates me and I live in Oregon!
You live in another god-awful Democratic liberal Run State you're going to be in the same boat my friend
Property taxes don't work this way anywhere else in the country (that I know of) so I wouldn't worry too much. In sane cities, as long as there's no change in ownership, there's an annual cap on tax increases (around 2%) so even if your valuation goes up 30% one year, your taxes will only increase 2%. Your tax rate also has nothing to do with "the pie" and how many people appeal, which is the most asinine thing I've ever heard. Homeowners there basically have an uncapped variable tax rate, while I guess businesses have a fixed rate since apparently they pay less tax when their valuation goes down, *unlike homeowners who pay more as a result while their valuation barely changes. It's madness.
Right on
@@joez.2794 It illustrates how, if the wrong people/politicians get into power, we are all susceptible to this kind of fleecing. Good to know it's not the standard, but no less concerning that it can happen and did in Chicago.
This is a land grab for smart cities.
Up, up, up. The best conman wins all. 💪
Even renters will see the rents go up, too. The mortgages go up because the lenders usually collect additional money from the homeowners on impound (escrow) and pay the taxes and insurance on the home (bank's collateral). It's their way to make sure the house stays insured and the taxes paid up.
Yeah remember when ppl said don't vote democrat??? You went and voted democratic for gov mayor and president. YOU see how she did
The people I know who voted Democrat, tell me they think things are better now. I’m shocked and don’t get it.
@@kellyallday365 It's rare when a Democrat voter will admit they were wrong.
Seriously...you think greedy capitalism cares about party affiliation...no wonder they can keep doing this to y'all they have you distracted by irrelevant crap. Even the report said it was the commercial property owners that told the board of review they don't want to pay it.
@@ensabahnur3104 then move to a non greedy communist or socialist country and see how you fair.
@@jalsr.speak2379 yeah b cause on the opposite end isa greedy capitalist country. Wake the hell up 😂
Problem is the government has never had a budget. A budget is when you see how much money you have then decide how to best spend it. The government decides how much its going to spend then demands citizens give them that much no matter if they can afford it or not. People can't decide arbitrarily how much they want to spend then demand their employer pay them that much. Neither should the government.
Thank the people you continue to vote for
This just goes to show that we never ever own our homes.
As a Sanctuary Citi, Chicago residents have to participate in cost of accomodations tens of thousand illegal migrants. It's obvious that even 5 years old understands.
Chicago voters get what they vote for
So glad I moved out of Chicago when I did! Somehow Chicagoans did not think they would have to pay for the teacher pensions and all the other graft within City Hall.
I left back in 2000
WE MUST STAND UP TO THEM!!!
Criminals control the county appraisal districts and criminals tax our homes. Eliminate this unjust tax!
Government unions are to blame! And 7000 units of local government! 🎉
This is why I retired and left my home of 25+ years in Baltimore County MD. I looked at my property taxes, that fund public schools, the kids who graduated and could not even write a grammatically-correct letter or Facebook post , the crime was out of control, and I said screw Baltimore County, it's not worth $3500 a year to live here. Bye bye.
A large chunk of property taxes in suburban areas go to the larger inner cities. More than half of the school tax allotment goes to inner city school districts.
That's why I never wanted to buy real estate in Chicago -- buildings are fairly affordable, but the land it's sitting on is cost-prohibitive!
Unfunded pension liabilities for Chicago public employees. 33 billion dollars.
I'm in Tucson AZ, taxes are getting so high in my neighborhood also! It's cruel to make us pay, were not living off the govt, we are working people who support ourselves n our children, yet, they come after us
Good, screw you for making homes more expensive in the first place. I can't even afford a home in the first place anymore
Keep on voting for Democrats. 👍
You are kidding right? My friend has a 3000 square foot home in Tolleson and her taxes are $2k a year
I also live in Tucson and didn't vote for the Dems running the show. They are ruining this town.
I'm in Phoenix, my house is valued at $330K and my property taxes are $117 a month.
about 15 years ago, michigan had the same problem when the big box bussiness's weren't paying their fair share of property taxes by how they were being taxed. putting more of the burden on the private individual (residential) property owners.
I left Illinois and my property taxes went down by 90%. I even got double the land.
Wherever you went to, don't vote the way you did and ruin that new place too...
@@nathant7437 Billings, Montana. Nice and red. Don't even need a gun permit.
I'm from Indiana and we cant stand Illinois. its a horrible state with horrible politics and they try to come over here like a cancer and change us. Illinois needs to be gated so they cant leave. Indiana/Ohio/Kentucky get along we cant stand Illinois or Michigan.
@@PraiseJesusChristOurSavior lol whose “we” speak for yourself hillbilly 😂
@@nathant7437 it ain't about voting you fool
Taxes should never go up from the time you purchased the property
That's insane. There's no reason for taxes to go up that insane amount.
The county or city should be able to keep their spending under control; so, there will not be a need to raise taxes that amount regardless of property value. This is more of a county or city spending issue than it is a property value increase issue.
It totally makes no sense.
Chicago is ultra corrupt. Armed, corrupt tax collectors steal from people.
Yes it does. Have to pay for all the sec8 and snap and politicians
but look at all the fair social programs they got.
@@dcg590 Property tax money doesn’t go there. You need to quit believing every lie the supposedly “conservative” republicans are communicating through Fox etc. If you don’t you’ll just continue to be worse off.
@@francismarion6400 please double check your facts. Quit believing that anything that helps anyone is a tax burden on you. Wall Street wants your house and for you to be a renter, that’s guaranteed income to them. It has nothing to do with such programs.
With the recent rise in crime since 2016 I'm actually surprised anyone would live there even if not expensive.
Crime is no where near what is what in 1990's
@@basednoamchomsky It didn't cost so much to live there back then. Now the prices are high AND the crime is high.
That's just crazy!! No, those taxes are just going to schools and libraries. How do you think the city can dish out Section 8 vouchers...YOU pay for it.
Say hello to your wonderful beautiful Mayor !
This is happening to real Americans all across the country as well and it usually happens in Democrat cities or states flooding people to red states.
The issue I see is property taxes. They effectively punish poor people for making better neighborhoods. Though definitely corruption is also an issue
I left for Indianapolis
@@kevinaguilar7541 : Poor people make better neighborhoods? WHERE?
@@henryc1000 Like in pilsen, it want from very dangerous to bad if you go out at night. You don't necessarily need a high income to make a neighborhood better. A low income person can clean up the streets, participate in public performances, fix their houses, attend school board meetings, or be politically active. Granted, having low income gives you less time to do those things so the progress is slow and steady. What really helps is the welfare. That way the costs for necessities are partly or fully paid while we can spend our remaining money in improving our lives. This can for something like college, trade school, or buying more electrically efficient electronics.
Keep thinking it's about democrats and republicans, and you'll continue to be severely divided. This is about the wealthy vs the rest, and the wealthy will always side with each other despite what they tell us because they feel they have way to much to lose.
Property tax could get up for 0.5% or 1% at most & not this pure insanity 😡🤬
Chicago has to tell the union the truth.there's not enough money to go around.
Not just there but everywhere where it is the law to adjust annually. Because speculators are driving property evaluations into the stratosphere. And even when prices go down the valuations never seem to adjust down.
What's driving the increases public sector unions
loved the shot of fritz laughing at those taxpayers
Property taxes are destroying the city. Vote them out !!!
Property taxes: Paying on rent on something you already own.
Wow I just bought my first house and noticed my mortgage goes up every year because of property taxes. 🙃
I bought my first house in August '22 and didn't know about that either until recently. Property taxes and insurance. The only thing fixed is the mortgage interest rate. If I had known, I think I would have just kept my nice apartment of 6+ years.
Got priced out of my home in Chicago under the Emanuel administration. Had to move where it was cheaper. Looking back I think it was a good move. Although it was hard to leave family and friends. Towards the end there were new houses being built on my block all around me. I cannot imagine what the residents of Chicago must be feeling now. Today a lot of my neighbors are from NY, IL, Vermont, parts of PA. Most moved on because they got priced out of there homes.
Gentrifier-in-chief
We are now being taxed so we can build "migrant shelter" after "migrant shelter". Since when did we become subservient to illegal aliens?
hopefully, you no longer vote Dem? Otherwise its bringing your problems with you
@@geraldbennett7035 You know they're not. Transplants ruined Georgia. Heavy inflow and now two Democrat senators. You use to be able to get a good home for 150k. Now that same home is 350k.
Emanuel didn't pay ANY taxes on his personal home...he needed his home to a bullshit charity and because it was a nonprofit he paid no taxes...I wonder why the media didn't bring this up?
Chicago used to be such a beautiful place (born there and lived there 50 years off-and-on). George H. was right: All things must pass.
If out public institutions are wasting money the taxes are connected. Its not just based on the value of your house but the money your community needs
This is one of the very few occasions where I can say we handle something better in California. Back in the 1970s we passed Proposition 13. This bases your property tax on the purchase price of your home and it can only go up by 2% a year MAXIMUM if your property value goes up. Best way to keep senior citizens and those on a fixed income from getting taxed out of their own home. So of course there are many Democrats that want to repeal Prop 13 so that they can squeeze even more taxes out of Californians.
CA does everything wrong.. here’s the perverse consequences of a patchy prop 13:
1) to compensate for lower property taxes, govt artificially inflated home prices by creating home scarcity - by dramatically restricting new home building permits. New permits costs match or exceed the material cost to building the home itself, and can take 2-4 years to be granted.. ridiculous.
2) No one can move to a more suitable home.
Moving means a dramatic increase in property taxes, so no one moves and new homebuyers are shut out or forced to pay exorbitant prices. The cost of home ownership entry in CA is higher than any other state by far, almost double anywhere else.
3) prop 13 is generational, and will eventually be repealed because those beneficiaries are dying off, and new home owners are getting killed… in the meantime, the high property taxes will go even higher and home prices will still be out of control.
Solutions:
1) compute property taxes on a combination of assessed value and the city’s fixed costs of maintenance.
2) cap property taxes increases to a fraction of inflation.
3) cap property taxes to never exceed 1% of current assessed value, with assessments occurring no more than every 3-5 years.
4) stamp out public sector unions - they’re ultimately the driver of all these public sector lavish increases.
5) transparency, manifest with a voter mandated approval of any new tax, and salary for city managers and county assessors.
6) this will solve the CA housing crisis: remove permit restrictions, exorbitant fees and grant permits within 30-60 days.
@@sheldoninst "2) No one can move to a more suitable home. Moving means a dramatic increase in property taxes, so no one moves and new homebuyers are shut out or forced to pay exorbitant prices." I don't disagree with a lot of what you wrote, but this is totally not true in CA. Since 1986 there has been Proposition 60, and more recently the revised rules in Proposition 19, that make it possible for people 55 and older to move to a new home and transfer their old tax base. This allows people to downsize but not necessarily make a big jump up in property tax payments.
Yep. If that happens, a ton of people will be wiped out. Rich people and corporations will take over and foreign investors since we allow that.
@@sweepingdenver Prop 13 is a great deal for people who bought home in the 80s. They pay peanuts in taxes but get the same benefits as the new owner next door who pays 4x the amount. And tax assessments are readily voted in which are based on your tax basis, hitting late buyers much harder. People who bought after 2000 can't afford to stay in their homes after retirement. It makes for a very uneven standard of living.
Also if you renovate your home, it should be revalued at market price but the early buyers I know just renovate "quietly" or live in a run down house. Taking your old tax base when you move is a great help but only for people who bought decades ago. However given the venal nature of the politicians, if Prop 13 is shot down, they will just raise taxes on the early birds and spend more.
@@sheldoninst great post. Helps here in San Diego.
One disagreement.
Prop 13 was a step in the right direction.The bad policy decisions of politicians who later decided to compensate for that PERCIEVED loss in tax collections. Should have cut spending. We shouldn't feel guilty for lessening our tax burden because some asshole wants to spend more. That is on them, not us. I certainly do not vote for them!
You got "generarional policys" correct. Governor Reagan's property taxes recently changed. If you owned property prior to 1985 i believe, your property taxes froze. Now the home must be your principal residence to qualify. My mother got grandfathered in. She pays about $600 a year in property taxes in a home built in the late 40s at san diego. Meanwhile, my friends and family pay north of $6k. Rediculous.
The biggest problem with this is the public schools that are entirely funded by property taxes. Looks like families with kids in school need to start paying tuition...
schools that dont teach anything except gender studies.
The goal is to price them out of their neighborhoods, so Hedge Funds and developers can move in and flip their property and sell it for millions.
Not alone in Chicago! happening here in Texas!
Time to finical responsibility in government!
Well at least the police and teachers will be able to afford living in Chicago with their six figure salaries.
They are leaving.
Wait till you find out how much your favorite alderman makes 🤣🤣🤣
Teachers making six figures? Which school did you go to?
@@barbzfurbernie4560 is the alderman the one who stole the kieshka?
@@krnpowr Highest paid teacher salary in Chicago is $108,000
I hope those people have 24/7 bodyguards to protect their family members every second of the day. Last time I checked if u steal from others long enough they might want something back...
They sued
@@ensabahnur3104 I was referring to those government employees
Ask Ray Cortapassi...he was at the Indy news stations when that area had their own property tax crisis. The state decided to go with a 1-2-3% property tax system. 1% for homeowners, 2% for farmers, 3% for commercial property.
The board needs to represent the community not the corporation.
Their home values must be off the charts, welcome to America and upward mobility!
Who wants to buy a house with these taxes?
Their house value hasn't went up. Just corrupt government stealing more money.
@@davidcook680 hasn’t went up?
We moved to Tennessee and are never looking back.
Why did the City of Chicago relinquish its parking to private corporate garbage concerns? They could recoup some of the lost revenue there.
Those without children shouldn’t be liable for paying for those that do, and those that choose private education over public shouldn’t be paying for that either
It will never end, because many of you believe that you are free
Property taxes almost always increase, this is coming to a city near you!! I purchased my home and it was a number of years ago during the 08' crash. The property base for my taxes was 50K higher than my purchase price., I fought like hell to get them lowered and they temporary lowered them but not to the purchase price...what a joke
watching this makes me want to go off grid more and more
Wait till these people go to try and sell their houses. They will find out they are worthless because nobody will buy when they see how much property taxes are. 😂😂😂😂😂
We can make mistakes? That’s what the commissioner is stating? Sheesh we have a bunch of idiots working for us.
The biggest problem people keep voting for new fees voting for new school districts voting for new parks and raising the salaries of the people that work in city government. You can thank your Union's school teachers and the rest of the people that just suck blood out of the The residents.. It's same things happening in California but at least we have proposition 13 but everybody wants to turn that off.
These people must be the only ones who didn’t see this coming.
I don’t even live in Chicago and got sticker shocked when I ordered something to my friends house who live there, what was the sales tax like 10%! absurd.