Market Watch: Brian & Jennette Weis pay almost half of Yorkville home's sale price in taxes
The home: 476 Walsh Circle, Yorkville
The 2,450-square-foot home has 4 bedrooms, 3 baths, an attached garage, breakfast room, office, central air and cozy fireplace.
The seller: Brian R. & Jennette A. Weiss
The purchase: In April 2002, the Weisses paid $237,000 for the home, or roughly $331,789 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In April 2002, the Weisses paid $237,000 for the home, or roughly $331,789 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, the Weisses sold the home for $215,000 on March 14 or approximately $116,789 less than the original purchase price, in today's dollars.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, the Weisses paid $106,250 in property taxes between 2003 and 2017, or almost 50 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.
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The Financial Facts in Today’s Dollars
| Seller's Purchase Price | Amount Home Sold for in 2019 | Seller’s Property Taxes |
| $237,000 | $215,000 | $106,250 |
