Yih-wu and Yuying have paid about $128,760 in property taxes over their 11 years of Oswego home ownership, or 34 percent of their current sale price.
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.”
He is currently listing the home for sale for $2.649 million, or nearly one million less than he paid for it ten years ago.
Brian J. in Barrington Hills: lost $2 million in home equity, paid $608K in property taxes over 17 years
Over 17 years of ownership, they lost more than $2 million on it, adjusted for inflation.
All told, they paid about $205,000 in property taxes over a dozen years of Bartlett home ownership, or 41 percent of their sale price.
Home values decrease while property taxes increase. That's Illinois.