property taxes

It’s a common complaint: “Illinois has the worst property taxes in the United States.”

That may be great for making political hay, but it isn’t entirely true – according to a recent study by WalletHub.com of all 50 states and the District of Columbia.

Illinois ranked 50th in that study with an effective average annual property tax rate of 2.3 percent. But that’s one notch above New Jersey, which imposes an average effective property tax rate of 2.35 percent.

Wilhelm Joy Sanderson/Flickr

Columnist Charlie Wheeler says there are serious consequences under Gov. Bruce Rauner's tax proposal.  

Flickr user Mark Hillary / "My bed" (CC BY 2.0)

The Illinois Supreme Court considered a case Thursday that asks whether not-for-profit hospitals have to pay property taxes.

The case involves Urbana-based Carle hospital and clinics — though it could affect health systems across Illinois.  

At issue is the constitutionality of a state law that exempts not-for-profit hospitals from paying property taxes.

Laurel Prussing, the mayor of Urbana, says losing that tax money cost the city 11 percent of its tax base. 

Rockford May Extend Distressed Homes Tax Refund

Dec 21, 2016
city of Rockford

Rockford may extend a property tax refund for distressed homes.   

The Homebuyers Property Tax Refund Program was created in April.  It returns funds to owners who bought foreclosed properties or "short sale" homes.  These properties have mortgage amounts higher than their actual value.  

DeKalb County

The DeKalb County Board voted 18-6 toward putting a property tax hike on the ballot to fund public health.  

The Daily Chronicle reports the proposal would bring in about $500,000 per year through a property tax of $9.57 for every $100,000 of equalized assessed value.  For someone owning a $150,000, this would mean a yearly increase of about $15.  

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