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Old 02-20-2011, 06:31 PM
 
142 posts, read 286,117 times
Reputation: 48

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Hi all...
I posted a NWI vs. IL burbs thread a week or so ago. Thanks for the feedback there. I received a lot of valuable feedback. My wife and I are curious though, which IL suburbs would have the lowest property taxes but still be a nice area to raise a family. We still want an area we can get a decent sized home (2000 sq ft or so) with a decent sized yard. Also, very important that a Metra station is nearby! One preferably that has actual parking that one can use!!!

Here are some suburbs that we received listings from our realtor...
Plainfield, Romeoville, Bolingbrook - these in particular had some very nice homes, but really high taxes. I would say the average was $8k annual. Are we just wasting our time looking, or can we find what we are looking for and have taxes under $5k a year?

Thanks
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Old 02-20-2011, 06:35 PM
 
Location: The Suburbs
17 posts, read 9,639 times
Reputation: 12
University Park
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Old 02-20-2011, 07:25 PM
 
142 posts, read 286,117 times
Reputation: 48
I just looked at the demographics of University Park - 12% White - We would be a minority here. Don't get me wrong, we have no problem with diversity - some of our close friends are African American. That's not the issue, just want to purchase a home in an area that we aren't the minority.
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Old 02-20-2011, 08:19 PM
 
142 posts, read 286,117 times
Reputation: 48
Just looked at some homes in Monee. Property tax on a $250k home is anywhere from $7-10k on the homes I viewed. Do you consider that low?
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Old 02-20-2011, 08:26 PM
 
142 posts, read 286,117 times
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Thanks but I would just choose Dyer IN in that case - just as far from the city and already know IN has much lower taxes. I'm looking for something 30-40 min Metra ride that has low taxes (if that is even possible - by low I mean $4-5k or lower) and we can find a decent home for $250k. For example, Arlington Heights and Palatine had some, but there wasn't a huge selection. Are there other Arlington Heights/Palatines out there?
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Old 02-21-2011, 10:24 AM
 
Location: Lake Arlington Heights, IL
5,463 posts, read 6,377,353 times
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How about Morton Grove? It has a Metra stop. Or Niles? It's close to Chicago Metra stops.
Skokie? Can take yellow line/CTA instead of Metra. Decent schools, close proximity to city more reasonable taxes than other nearby suburbs.
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Old 02-21-2011, 11:12 AM
 
1,228 posts, read 1,673,182 times
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What I noticed was that the more affluent a suburb, the lower the property tax. Barrington for example tops off between 1.5 and 1.8%.
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Old 02-21-2011, 12:48 PM
 
142 posts, read 286,117 times
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Interesting
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Old 02-21-2011, 12:59 PM
 
3,695 posts, read 4,714,989 times
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Quote:
Originally Posted by skorch101 View Post
Hi all...
I posted a NWI vs. IL burbs thread a week or so ago. Thanks for the feedback there. I received a lot of valuable feedback. My wife and I are curious though, which IL suburbs would have the lowest property taxes but still be a nice area to raise a family. We still want an area we can get a decent sized home (2000 sq ft or so) with a decent sized yard. Also, very important that a Metra station is nearby! One preferably that has actual parking that one can use!!!

Here are some suburbs that we received listings from our realtor...
Plainfield, Romeoville, Bolingbrook - these in particular had some very nice homes, but really high taxes. I would say the average was $8k annual. Are we just wasting our time looking, or can we find what we are looking for and have taxes under $5k a year?

Thanks
Maybe this thread will help you:

Property taxes

It's strangely similar to your post - perhaps it will help.
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Old 02-21-2011, 03:39 PM
 
142 posts, read 286,117 times
Reputation: 48
It is similar - just trying to understand the area and gain as much perspective as possible. I think if we want to be within a 30-40 min commute on train, have lower prop taxes, and spend $250k on a decent home, we will probably trade the AMAZING big home in NWI for the smaller home but still nice in perhaps Arlington Heights, Palatine, Wheeling, Buff Grove, etc.
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