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.
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.”
Sreeni Donepudi was working as a wireless software engineer at Motorola in March 2004 when he and his wife, Hima, bought a brand new, 3,400 square-foot, five-bedroom red brick Georgian with a three-car garage at 2625 Carrington Drive in West Dundee for $474,000, or $632,000 in today’s dollars.