Illinois property tax hikes influenced by government debt on your property | ABC7 Chicago
HTML-код
- Опубликовано: 7 июн 2024
- Cook County Treasurer Maria Pappas' office has developed a new tool to calculate the debt attached to your property. Full story: abc7chicago.com/property-tax-...
Willing to bet the property taxes will continue to increase and so will the debt. Government leaders have no desire to resolve this.
I moved to Wisconsin 2 years ago and I'm saving 50% . Gas is 65¢ cheaper, no city stickers. License plate is 50% less. Wisconsin is also 98% fully funded on their government pensions.
Smart move, anyone still in Illinois is asking for it, left there 20yrs ago and haven't looked back.👍
People are fleeing Illinois due to taxation without representation. Sound familiar?
You can't pack fast enough... Get OUT of Illinois.
Just don`t come here. We know you will vote for the same kind of idiots.
@@hoosierdaddy8002 Mike Pence enough said
And go where exactly? Votes dont count, crooks are everywhere and if you try to escape the things there by going somewhere else you'll be dealing different troubles like flooding, fires, tornadoes and hurricanes. There is no solution to an enclosed system filled with corruption designed to keep everyone not in those in powers circle. Time people wake up and understand that when the vilest of men are exalted evil walks on every side. The corrupt are just finally running out of things to destroy.
@@Ephesia612 If you vote Democrat, move to a Democrat state. Plain and simple.
@@boogitybear2283 yes you are very simple.
Here is what I think needs to be realized: Illinois isnt California. You can raise taxes and costs on everything in California and people will still want to be there because of the weather, the natural landscape, and the cultural appeal of the state. Chicago is an amazing city, but its an ice box much of the year, its surrounded by flat farm land, and has a poor reputation among large numbers of people. So while California can get away with these antics, Illinois cannot.
And Illinois has much more corruption and debt than California. Illinois is the only state to have a BBB- credit rating.
California's economy is moving better than any other states economy and they have a substantial surplus, I believe they are now the sixth largest economy in the world ,they are also strong progressives ,it's not a coincidence.
@@frankd.506 It’s very much a coincidence. If progressives wish to own California, they’ll also have to own:
1. One of the highest tax burdens in the nation.
2. One of the highest amount of homeless per capita in the nation.
3. Being the state within the highest percentage of people in poverty (according to the Supplemental Poverty Measure).
4. State with the most mass shootings.
The list goes on....
@@frankd.506 The primary reason that California has a surplus, is because the rich had a good year in the stock market. If that didn’t happen, there’s a fair chance they’d be in the red (where they’ve been years prior to the pandemic).If they don’t spend this money wisely (and there’s a high chance they’ll do that), the surplus will evaporate in no time at all.
Also, I believe California (on its own) would be the fifth largest economy (as opposed to the sixth).
@@MrJames1471 The top 5 poverty states by percentage are all red states, let's remember California is very large so of course as a whole they're going to make some of the bad lists ,like most blue states they also pay more into the fed to compensate for the red states who typically take in more than they give, Their homelessness is greatly amplified by right wing news as though it doesn't exist in other states and California also has the most wealth as well so California will be just fine actually getting something for their tax dollars.
2200 government entities? There's your problem
Come up to Zion IL we are just a couple of miles north of Chicago. We are paying more in taxes on a $150,0000 property than Highland parks million dollar homes.
Crime is 100 above averge
I feel like debt should also be paid for by government pension funds, since they helped generate that debt. :-)
Taking more of our money?! Can we send the entire state gov to prison? Taxes are THEFT
You're still a renter even after you've paid off your mortgage.
Yeah but for a fraction of the price.
@@Navy35 a fraction?? My mortgage is $800/month and my property taxes are over $500/month.
Ha! All you people in Cook county are suckers! My property tax is less than $900 a year. My house isn't huge but it has 2 bdrms. The yard is huge though. We aren't sitting on top of each other as I've seen some of the house in Chicago crammed up against each other. Best of all, very little crime in my neighborhood.
Agreed
5/8 is still a fraction. Admittedly not one as low as anybody would hope for, but still one nonetheless.
While it is cheaper, it’s nothing short of scandalous.
Leave Illinois, it is the next Detroit.
How monies are used by cook county is a concern. 8.11 Billion dollar budget and we are paying for greenbelt project people to get their black belts. They can take out student loans like the rest of us. Road work is not getting done. Cook county spent 8 million for an animal shelter in Evanston but but we have roads like pulaski from 159th in Markham/midlothian to 127th street Alsip/Robbins that are virtually not drivable. Cook county litterally budgeted and hired personnel to help them budget which is an oxymoron. The cost of additional personnel is ridiculous upwards 80 to 179k a year plus pensions and benefits. Pulaski has been in disrepair since 2018 and in 2020 cook county allotted 2.4 million to study the issues. I read the new cook county budget, all 2000 pages and Pulaski Crawford does not appear on the budget. There are several references to proprietary spending which I would like to see line by line disclosure on. I would watch that story.
McLean county system and procedural deceit o assessments too
There is a saying "If you think things are expensive now, just wait until things are free". Chicago residences are finding that out now. Somebody got to pay for all the "Free services and stuffs"
This lady has some nerve wearing thousands of dollars of clothes while asking common people for tens of thousands of dollars to pad her pensions.
Wyoming here I come
Please don’t Chicago it up
License to steal.
More like legalized extortion. If you cant pay, instead of breaking your legs they take your property and have men with badges and guns to enforce it.
Land owners should be only one voting since they are paying everything.
Fire all those politicians
Using taxes to service debt. Alex Jones was right!
Thanks ABC for posting this story!
This is a joke. Property Taxes are NOT the only source of income for any of these taxing bodies, so saying all of the "debt," which is grossly and misleadingly inflated in this calculation, should be assigned to individual homes is ridiculous. The non-partisan group that guy belongs to is a Koch-Funded Libertarian front group that is intent on ending government services and privatizing everything. If they get their way, you'll have to pay a toll to pull out of your driveway, because you'll be on a privately owned street.
You are a liar Paul, obviously a Democrat shill. Illinois Democrats have already sold or leased most of taxpayer property to private companies, and taxpayers have long been paying those private companies because of it. The Tollways in Illinois are complete corruption machines.
Get out NOW. Run and don't look back
Indiana next month. House just sold ;) $$$$$$
Leaving the state is the only thing that can be done
Illinois municipal bonds and loans are rated as junk. Meaning there is no way out of the hole. Not having a budget for a decade let the democrats put a lot of money directly into their own pockets. The unfunded pensions are guaranteed by the state constitution, or in other words enforced by law even if a makes a city or county borrow more than it can ever repay. The extraordinary rise in property tax, wage tax has ensured flight of the non-ingrained wealthy. An utter lack of investment in infrastructure, unfair tax schedules for those who actually employ others, coupled with politicians lying about the problem=flight of anyone not invested in a state pension.
Good information.
It is a SHAME!!!!
Well, you knew this was coming. Have fun.
Thank Michael Madigan for letting the downtown multi-million dollar tax get off free footing the bill to us.
I'm happy
Bankruptcy is needed
Bankruptcy will let officials off the hook TO BE fiscally responsible. They think give out more money will allow them to get more votes. It seems to be working for officials not the taxpayers.
Free houses in Illinois if you can pay for the property taxes. Unbelievable
I am happy that the state I live in there is no property taxes when you reach full retirement age and 100% disabled veterans as long as you live in your house
What state is that?
@@johnedd9702 got to keep it a secret
@@hermanrogers1325 lol 😆 ok Herman
They going to gentrified these neighborhoods w/ condos, townhomes, high rise buildings, and more
Then they will get more of a tax base.
So where are all the investors and landlords this is a dream come true for them
Most states dealing with illegal migrants usually are hard hit. Chicago doesn't want to mention it.
Typical, after elections, here is information you may want to consider when voting on local officials and Amendment 1. It is only going to get worse as tax base shrinks.
This is what happens when you promise pensions you can't afford for city, county and state workers. Illinois is basically bankrupt, and thinks they can over tax their way out of the mess they have created over the decades from corruption and mismanagement of funds.
Did you see the spreadsheet, billions needed in the pension funds. I have heard that they pay all their bills, months behind like 4-6 in arrears, even lottery winners have to wait months to get paid. Ironically, Illinois was the first to start a lottery, so go figure on that one as lottery's are huge money makers for a state.
The float has about run out for the state and I am sure their bond rating is not very good. People wanting to leave probably can't sell in some areas because of blight and just vacate to get out of there, why you see so many abounded houses in certain neighborhoods. Working a average job in the service sector isn't going to pay all the expenses of high property taxes, sales taxes and heating bills just to name a few.
Glad our family was smart enough to get out of their in the late 60's as the constant cold winters and lack of enough good paying jobs didn't really exist, in most parts of the state besides the Chicago area. The gasoline tax in Illinois is very high, but yet a lot of the roadways are in bad shape. Enough said. Good Luck to those that stay and keep paying more and more every year on all kinds of taxes while the state goes further in debt. The float will eventually run out and it wont be pretty.
I noticed a lot of Mexicans living in Chicago. Maybe that’s their way of gentrification and raising taxes
@@Navy35 Maybe? They are hard workers, but send most of their money back to family in Mexico.
Hmmmmm
time to move.
Guess that’s why they call it Illinois
Duh…who is surprised…keep voting as this state typically does.
MOVE TO BELIZE SELL TAXES ARE LOW AMERICANS COME AND THEY NEVER LEAVE
THIS BROUGHT TO US BY A GOVERNOR WHO HAD HIS OWN TOILETS REMOVED SO HIS HOME COULD BE DEEMED UNINHABITABLE TO REDUCE HIS PROPERTY TAX ON HIS CHICAGO GOLD COAST MANSION. HIS PERSONAL NET WORTH? 3.5 BILLION DOLLARS.
That a slimey politician for you. They truly are parasites!!
The democraps have run that area for so long. It is too late to do anything now. People that can will leave. This will only leave those that can't afford to pay or move.
Keep voting democrat thousands of public sector union members are relying on you
Pension reform.
Democrats. Tax and spend.
Keep voting Democrat
I got no street lights trash pick up water all I get are cops that don't do thier roads with wholes and schools I got no kids in thanks government