Chicago homeowners get tax break relative to 'burbs (Naperville, Elgin: 2014, condo)

[Vlajos]

No surprises, but here's a new analysis. Nice chart here just for Cook County:




Look at this tid bit for other metro area counties:

"In comparison, the effective tax rates in the collar counties were much higher: 2.55 percent in Wheaton, 3.99 percent in Fox Lake, 2.64 percent on the portion of Naperville in Will County and 3.09 percent in Vernon Hills."

Not worth it to live that far out. You would have to pay me 4% of my property value annually for me to begin considering to live out there.

Crain's Chicago Business : Subscription Center#

[Chicago South Sider]

It's not exactly a newsflash that property taxes are higher in the suburbs.

[Chi-town Native]

Interesting. But check your watch for the almost certain response of "but you can send your kids to the public schools in the suburbs, as they are all good."

[Chi-town Native]

Originally Posted by Chicago South Sider

It's not exactly a newsflash that property taxes are higher in the suburbs.

You got the result of the study 180 degrees off.

[Vlajos]

Originally Posted by Chicago South Sider

It's not exactly a newsflash that property taxes are higher in the suburbs.

That's why I said "no surprises".

[chet everett]

Originally Posted by Vlajos

No surprises, but here's a new analysis. Nice chart here just for Cook County:




Look at this tid bit for other metro area counties:

"In comparison, the effective tax rates in the collar counties were much higher: 2.55 percent in Wheaton, 3.99 percent in Fox Lake, 2.64 percent on the portion of Naperville in Will County and 3.09 percent in Vernon Hills."

Not worth it to live that far out. You would have to pay me 4% of my property value annually for me to begin considering to live out there.

Crain's Chicago Business : Subscription Center#

The nicer places generally have lower property taxes -- Evanston, Barrington, Glenview vs Harvey, Chicago Heights, Elgin... Seems really awful of Chicago to keep their taxes so low that that the Park District and Schools suffer, even the various City of Chicago pension funds face insolvency. The roots of Chicago $19.5 Billion Public Pension Crisis | WBEZ

Unfunded pension liability is eight times worse than Detroit -- A Multi-Billion Dollar Pension Crisis Threatens Chicago's Future - Business Insider

Might take 150% hike in property taxes to even begin to address pensions problems, step that Rahm has no intention of dealing with -- Chicago Sees Pension Crisis Drawing Near | NY Times

(btw, last time I checked Evanston actually borders Chicago. Not exactly the super boonies. Heck the "guardrail wall" was removed almost a decade ago -- City-evanston Wall To Come Down - Chicago Tribune ...)

[Chi-town Native]

Originally Posted by chet everett

The nicer places generally have lower property taxes -- Evanston, Barrington, Glenview vs Harvey, Chicago Heights, Elgin... Seems really awful of Chicago to keep their taxes so low that that the Park District and Schools suffer, even the various City of Chicago pension funds face insolvency. The roots of Chicago $19.5 Billion Public Pension Crisis | WBEZ

(btw, last time I checked Evanston actually borders Chicago. Not exactly the super boonies. Heck the "guardrail wall" was removed almost a decade ago -- City-evanston Wall To Come Down - Chicago Tribune ...)

When did Harvey and Chicago Heights become "nicer places"? Nicer than where?

And unfortunately, one of the reasons Chicago keeps its taxes low (ha, it has as much to do with the assessment as it does the rate, people!) is due to the omni-present cry from people who connect any increase in property taxes with driving people already on the brink of moving to the suburbs, to the suburbs. Chet, you'd be one of those.

Rarely if ever does anyone actually say "perhaps putting more money in the public schools would actually pay for itself and then some, thanks to having a smarter and more homegrown workforce."

[chet everett]

Rates are lower in nicer towns as compared to towns in ruins which are forced to jack rates to make up for lack of anything worth taxing...

[Chi-town Native]

Originally Posted by chet everett

Rates are lower in nicer towns as compared to towns in ruins which are forced to jack rates to make up for lack of anything worth taxing...

So Chicago is a nicer town? Excellent, that's the Chet Quote of 2014.

[Lookout Kid]

Originally Posted by Chi-town Native

Interesting. But check your watch for the almost certain response of "but you can send your kids to the public schools in the suburbs, as they are all good."

Well of course this is obvious. Though many suburbs have crappy schools, and some parts of Chicago have good K-8 "neighborhood schools", so it's never quite this simple.

I paid about 1.5% of my home value for my City of Chicago condo (our board hired a lawyer to appeal every time), but now pay 2.2% in the suburbs. The two largest benefactors of our property taxes are the elementary school district and the high school district. That extra 0.7% is a no brainer for my situation.