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Hear from Mike S. and Russel O. about their Illinois property taxes

Mike S. and Russel O. comment on their exorbitant property taxes.

Illinois: Raise Property Taxes During the Recession

Home values decrease while property taxes increase. That's Illinois.

Marcus J. in Bartlett: lost $423K in equity in ten years

All told, they paid about $205,000 in property taxes over a dozen years of Bartlett home ownership, or 41 percent of their sale price.

Brian J. in Barrington Hills: lost $2 million in home equity, paid $608K in property taxes over 17 years

Over 17 years of ownership, they lost more than $2 million on it, adjusted for inflation.

Scott L. in Inverness: paid $410K in property taxes over ten years, will lose $1M+ on sale

He is currently listing the home for sale for $2.649 million, or nearly one million less than he paid for it ten years ago.

Tony S. in Park Ridge: We’ve been lied to as taxpayers, we’ve been abused

Tony S., Park Ridge, IL, Purchase (inflation adj), $665385, Present Value (2018), $512000, Property Taxes (2002), $9113, Property Taxes (2017), $13388, Total Taxes Paid, $192515, % Tax to Present Value, 37%, “We've been lied to as taxpayers.”

Yih-wu H. in Oswego: set to lose $102K in equity in 11 years

Yih-wu and Yuying have paid about $128,760 in property taxes over their 11 years of Oswego home ownership, or 34 percent of their current sale price.

Sreeni D. in West Dundee: lost $300K in equity in 14 years

Property taxes on Sreeni and Hima's rose from $7,324 in 2004, or 1.5 percent of their home’s then-value, to $12,228 in 2017, an increase of 40 percent during their ownership.

Greg K. in West Dundee: lost $197K in equity in a decade

They paid about $135,650 in property taxes over a 10 year period of West Dundee home ownership, or 26 percent of their final sales price.

Jeff R. in West Dundee: set to lose $316K in equity in 13 years

He has paid about $177,467 in property taxes over a 13 year period of West Dundee home ownership, or 32 percent of the current asking price.

Jamie C. in Bull Valley: lost $173K in equity in 25 years

Jamie paid about $296,000 in property taxes over a 25 years of Bull Valley home ownership, or 84 percent of the home’s final sale price. Meanwhile Jamie’s home value decreased by 35 percent.

Bartlett J. in Algonquin: lost $86K in equity in 16 years

Bartlett and Patricia’s tax bill rose from $3,231 in 2002, or 1.5 percent of their home’s then-value, to as high 3.2 per cent at $6,718 in 2017.

Linda J. in Logan Square: You can’t keep killing us, the middle class, you can’t

Linda J., Chicago, IL, Purchase (inflation adj), $82000, Present Value (2018), $278000, Property Taxes (2008), $2718, Property Taxes (2017), $6005, Taxes Paid Last 10yrs, $43000, % Tax to Present Value, >16%, “You can't keep killing the middle class.”

Billy V. in Grayslake: I had to end up selling and move out of the state because the state is in dire straits

Billy V., Grayslake, IL, Purchase (inflation adj), $296011, Present Value (2018), $237000, Property Taxes (2009), $5534, Property Taxes (2017), $7972, Total Taxes Paid, $63238, % Tax to Present Value, 25%, “I had to end up selling and move out of the state.”

Mary P. bought her home on Chicago's Northwest Side, then paid for it again with property taxes- "All they want is money – they don’t do anything for you

Mary P., Chicago, IL, Purchase (inflation adj), $179000, Present Value (2018), $276674, Property Taxes (2017), $5544, Total Taxes Paid, $105000, % Tax to Present Value, 38%, , , “All they want is money - they don't do anything for you.”