Market Watch: Florence Vodicka pays 26 percent of home's sale price toward property taxes
The home: 5627 Chesapeake Drive, McHenry
The 2,524-square-foot townhome has 2 bedrooms, 3 baths, a 2-car garage, a cozy den, fireplace, screened-in porch and has a walk-in attic that provides plenty of storage.
The seller: Florence M. Vodicka
The purchase: In May 2009, Vodicks paid $205,000 for the home, or approximately $241,288 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In May 2009, Vodicks paid $205,000 for the home, or approximately $241,288 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Vodicka sold the home for $172,500 on March 5, or about $68,788 less than the original purchase price, in today's dollars.
Vodicka originally listed the home for $199,000 in January.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Vodicka paid $44,502 in property taxes between 2010 and 2017, or an estimated 26 percent of the sale price.
Illinois' highest-in-the-nation property taxes are eroding home equity and depressing home values across the state. This report is part of a SYHN News Service series on recent home sales that demonstrate the consequences.
---
The Financial Facts in Today’s Dollars
| Seller's Purchase Price | Amount Home Sold for in 2019 | Seller’s Property Taxes |
| $205,000 | $172,500 | $44,502 |
