Market Watch: Grygus pay almost a quarter of Mokena home's sale price in property taxes
The home: 9048 Liscanor Ave., Mokena
The 2,824-square-foot home has 5 bedrooms, 4 baths, a 2-car garage, hardwoods, a recreation room,a bonus room, an in-law arrangement, a deck and a security system.
The seller: Frank J. & Barbara A. Grygus
The purchase: In June 2006, the Gryguses paid $368,000 for the home, or roughly $461,046 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In June 2006, the Gryguses paid $368,000 for the home, or roughly $461,046 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Gryguses sold the home for $348,000 on May 1, or approximately $113,046 less than the original purchase price, in today's dollars.
The Gryguses originally listed the home for $349,900 in February 2019.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, the Gryguses paid $84,240 in property taxes between 2008 and 2017, or about 24.21 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 |
| $368,000 | $348,000 | $84,240 |
