This just in. Property tax rates are rising in Illinois. If you opened up an envelope from the state and got an unwelcome surprise about what you owe, the Land of Lincoln gave 4 different scenarios where big property tax bumps can happen.
With election season rolling around, chances are you won't see many incumbents featuring that fun fact in their campaign commercials, since our stunningly high tax rates are what's driving people out of Illinois to begin with.
If you're an Illinois homeowner, I wouldn't be a bit surprised if you told me that you immediately thought "So does every ****ing person who owns a house in this state!"
Remember when you were a kid and expecting something in the mail? It was fun and exciting to run to the mailbox to see if that something had arrived yet. This is not like that at all.
The average American household spends $2,279 on property taxes for their homes each year, according to the U.S. Census Bureau, and residents of the 27 states with vehicle property taxes shell out another $440.
20 years ago, Illinois' property taxes were in the middle of the pack nationally. Since then, Illinoisans' property tax burden has risen 80 percent. Why?