Many people are leaving Illinois (Chicago, Humboldt: transplants, utilities, kitchen cabinets)

[Grlzrl]

Originally Posted by NoHyping

That must have been a million$$$ home then? I mean that was years ago no? City or suburbs?

I remember I think you crying a loss? My taxes are cheaper in more Rural PA and I believe given a small IL city there too as much much cheaper.

I think we are curious. I know prime Chicago homes in like Lincoln Park are up there in taxes. But heck, it is still close to like a $800,00 + value home with the works. Some prized codos can be up there too. Now that is top tier. Not the bungalow belt or nice also Nothwest side of Chicago where I lived. Iv'e seen taxes all over the spectrum also. A longtime homeowner is still key to lower on average taxes. I have mine for 20-some yrs.

Properties in Cook County are reassessed every three years. It makes no difference how long you have owned the home. My assessment went up 42% in 2019. I can't imagine what it will go up in '22. I heard some people's went up as much as 70%.

[Sunbiz1]

Question on taxes, as I hear Cook county residents complain often.
Yet, according to this link:
Illinois Property Taxes By County - 2021
Surrounding counties are paying more, are Cook county numbers somehow amiss?

[pvande55]

Originally Posted by Sunbiz1

Question on taxes, as I hear Cook county residents complain often.
Yet, according to this link:
Illinois Property Taxes By County - 2021
Surrounding counties are paying more, are Cook county numbers somehow amiss?

Just because some counties are higher does not mean Cook is reasonable.

[MSchemist80]

Cook taxes residential at half the rate of commercial but the tax bills are still awful and the county is still bankrupt despite having all the wealth of the prosperous business district of Chicago as a tax base. There is no amount of money that will allow a bunch of morons (read Democrats) to run an effective government.

[dcisive]

Originally Posted by MSchemist80

Cook taxes residential at half the rate of commercial but the tax bills are still awful and the county is still bankrupt despite having all the wealth of the prosperous business district of Chicago as a tax base. There is no amount of money that will allow a bunch of morons (read Democrats) to run an effective government.

Yup your local government is like a parasite and it won't quit sucking your blood (money) till you're deceased. They aren't even smart enough to realize that they'd be better served to encourage relief. Sadly of course this has gone on for many years now....it's nothing new to say the least.

[NoHyping]

Originally Posted by Grlzrl

Properties in Cook County are reassessed every three years. It makes no difference how long you have owned the home. My assessment went up 42% in 2019. I can't imagine what it will go up in '22. I heard some people's went up as much as 70%.

I go by what I see listed for tax histories on Redfin listings for Chicago. You generally see those homes by a long-time owner still can have increases, perhaps though no major remodeling done. Those taxes will generally have risen less.

Sometimes you see a home with unusually lower taxes the most others. Sometimes a big drop on year or couple and then a jump. You say every 3 yrs yet the YEARLY Listing of taxes changes it seems every year. Not sure then what they are changing for?

A Day old new listing.... nice Tutor Home.... was a longer time older since 1990. Taxes fairly steady with no big spikes and LOW for Chicago today. Nicely updated... .maybe a flip? Looks like the original Platinum Kitchen Cabinets? Still very nice. Basic white and not sure if original wood floors refinished?
Northwest Side... I knew the area when I lived in Chicago.

Built in 1942 and sold last week for ---> $360,000 ---> Last sold in 1990 for $125,000.

https://www.redfin.com/IL/Chicago/32.../home/13467139

Taxes low for Chicago..... would never be this price if a gentrified area.
Still would be surprised if taxes remained similar for the new sale price and owners.....
STILL WACKY DROP in Taxes ups and downs yearly... you see in listings sometimes.

Year -- Property tax---------- Land + - Additions = Assessed Value
2018 - $2,765 (−6.6%) ---- $6,343 --- $24,282 --- $30,625
2017 - $2,961 (−11.4%) --- $5,687 --- $21,679 --- $27,366
2016 - $3,340 (+4.1%) -----$5,687 --- $21,679 --- $27,366
2015 - $3,210 (+0.8%) -----$5,687 --- $21,679 --- $27,366
2014 - $3,183 (−0.3%) -----$5,250 --- $16,810 --- $22,060
2013 - $3,194 --------------- $5,250 --- $16,810 --- $22,060
2012 - $3,194 (−20.2%) --- $5,250 --- $16,810 --- $22,060
2011 - $4,005 (−18.3%) --- $7,000 ----$23,080 --- $30,080
2010 - $4,899 (+36.7%) --- $7,000 --- $23,080 --- $30,080
2009 - $3,583 (+29.8%) --- $7,000 ----$23,080 --- $30,080
2008 - $2,760 (−9.3%) -----$7,174 ----$24,612 --- $31,786
2007 - $3,044 --------------- $7,174 ----$24,612 --- $31,786

Still .... whatever the reason... schools? Taxes can and do change yearly.
__________________________________________________ _____________________________________

OK Now here is the traditional Chicago Bungalow....

I know who will be all over this one... hello Nevada....
LAST SOLD IN 2005 for MORE THEN LISTED FOR SALE TODAY.....
Oct 2005 ---> Sold for $419,000 ----> currently for sale for $395,000
Looks nicely updated and may be a flip?

https://www.redfin.com/IL/Chicago/30.../home/13434712

Year ---- Property tax---------- Land + Additions = Assessed Value
2018 - $4,752 -(+14.3%) --- $4,725 -- $22,751 ---- $27,476
2017 - $4,157 (+2.8%) ------ $4,158 -- $18,518 ---- $22,676
2016 - $4,044 (+10.0%) -----$4,158 -- $18,518 ---- $22,676
2015 - $3,676 (+6.6%) ------ $4,158 -- $18,518 ---- $22,676
2014 - $3,447 (+2.3%) ------ $3,780 -- $17,358 ---- $21,138
2013 - $3,368 (+0.6%) ------ $3,780 ---$17,358 ---- $21,138
2012 - $3,348 (−21.0%) ----- $3,780 -- $17,358 ---- $21,138
2011 - $4,238 (+6.6%) -------$5,292 ---$22,863 ---- $28,155
2010 - $3,974 (+14.0%) ----- $5,292 -- $22,863 ---- $28,155
2009 - $3,485 (−1.9%) -------$5,292 ---$22,863 ---- $28,155
2008 - $3,554 (+8.2%) ------ $6,350 --- $25,120 ---- $31,470
2007 - $3,286 ---------------- $6,350 --- $25,120 -----$31,470
__________________________________________________ ___________________________________

This was literally the first one I clicked on I thought it was a single home but it is multi-residential today. Huge jump in taxes in 2013.
Gentrifying - Humboldt Park on a double-lot and rebuilt in 2014. BASICALLY A 3-UNIT MULTI-RESIDENTIAL HOME......
Does not look as big as it is to me... why it looked like a single cottage home to me.

https://www.redfin.com/IL/Chicago/17.../home/13416194

I only am going by what Refin list for this only 5 hours old new listing.
Does not show really last sale price.

Year ---- Property tax---------- Land + Additions = Assessed Value
2018 - $9,938 (+36.0%) --- $14,917 -- $38,829 ----- $53,746
2017 - $7,310 (+4.8%) ----- $13,162 --$24,169 ------$37,331
2016 - $6,977 (+9.7%) ----- $13,162 --$24,169 ------$37,331
2015 - $6,360 (+6.2%) ----- $13,162 --$24,169 ------$37,331
2014 - $5,991 (−5.5%) ----- $11,700 --$23,162 ------$34,862
2013 - $6,340 (+665.6%) -- $11,700 --$23,162 ------$34,862
2012 --- $828 (+1.6%) ------$11,700 --$23,162 ------$34,862
2011 --- $815 (+10.6%) ---- $15,795 --$29,972 ------$45,767
2010 --- $737 (+6.6%) ------$15,795 --$29,972 ------$45,767
2009 --- $692 (−7.0%) ------$15,795 --$29,972 ------$45,767
2008 --- $744 (−9.4%) ------$12,401 --$30,456 ------$42,857
2007 ----$821---------------- $12,401-- $30,456 ------$42,857

[jasperhobbs]

Originally Posted by dcisive

Yup your local government is like a parasite and it won't quit sucking your blood (money) till you're deceased. They aren't even smart enough to realize that they'd be better served to encourage relief. Sadly of course this has gone on for many years now....it's nothing new to say the least.

If you can find a place where there are REAL people, then everything is perfect. My search continues.

[Don Cuccino]

Originally Posted by Justabystander

I tried to go back and find your post where you stated this, but they only go back so far. Actually, I was wrong about the amount of increase in Hinsdale real estate, where you once lived. In looking at the link I provided, in June, year over year, the appreciation according to the link I provided was 38.1% (2020 to 2021) to a median price of $1,160,000 for a house, and a market time of 9 days. RED HOT.

My fantasy is posted in black and white and posted with actual statistics in the link. If I were you, according to these stats, I would be re-examining my move and sale of my house in Illinois. If you sold for $200k, or even $300k, and your house in AZ is now worth $300k or $350k, you have lost big time.

I could never live in a place that has 120 degree weather on a regular basis. I can imagine what their electric bill must be like.

[gentlearts]

Speaking as a “real people” who spent most of her life in middle America, and loved visiting Chicago, you could not pay me to live there, or even visit there anymore.

This is true of so many wonderful cities that I am happy I got to visit before they were ruined...such as Seattle and NY. I’ve never been to Portland, but I’d never go there now, either.

[Master Jay]

gentlearts, you wouldn't even visit Chicago? Such beautiful neighborhoods on the north edge. With bike trails. With forestry.

I make it down once a week. Today Im on bicycle. Great stores. Great restaurants. Great people!