Market Watch: Property taxes on Evanston condo jump 33.4% over 13 years
The home: 1519 Hinman Ave. 3S, Evanston
The 2,260-square-foot condo has 3 bedrooms, 3 baths, an attached garage, hardwoods, a fireplace, large windows, storage and laundry on site.
The seller: Joan G. Schiller (Trust)
The purchase: In November 2004, Schiller paid $600,000 for the home, or roughly $802,768 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In November 2004, Schiller paid $600,000 for the home, or roughly $802,768 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Schiller sold the home for $542,000 on May 15, or approximately $360,768 less than the original purchase price, in today's dollars.
Schiller originally listed the home for $549,000 in April.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Schiller paid $121,385 in property taxes between 2004 and 2017, or about 22.4 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 |
| $600,000 | $542,000 | $121,385 |
