Illinoisans will have paid an extra $3.94 billion in property taxes during Gov. J.B. Pritzker’s term. Four years ago he campaigned on a promise of property tax relief.
Total property tax extensions are on pace to total more than $40 billion by 2026, $4 billion more than at present. Amendment 1’s expansion of government union power would likely accelerate that increase.
Statewide residential property tax extensions are on pace to total more than $24 billion by 2026, which is $2 billion more than the current total. Amendment 1’s expansion of government union power would likely accelerate that $2 billion increase.
Gov. J.B. Pritzker took the debate stage claiming property taxes in Illinois have gone down thanks to his administration. In truth, the average Illinois family is paying over $2,000 more in property taxes than before he took office.
Statewide commercial property tax extensions are on pace to total $11.3 billion by 2026. Amendment 1’s expansion of government union power would likely accelerate that $1.8 billion increase.
Chicago Mayor Lori Lightfoot earmarked $442 million to help pay down Chicago’s $46.9 billion pension debt. The Civic Federation said stop-gap measures will only delay future property tax hikes unless there’s statewide pension reform.
Happy holidays, Cook County homeowners. The second installment of your property tax bills will arrive around Thanksgiving. They won’t be due until after Christmas but before New Year’s.
Gov. J.B. Pritzker stressed the importance of homeownership in Illinois. Under his administration, homeowners have seen their property taxes grow by $2,288.
Decades-high inflation means local governments can easily raise Illinoisans’ property taxes by 5% during the next year. That makes it an especially bad time to compound the property tax hike with Amendment 1.
The Education Freedom Tax Credit, also known as the Federal Scholarship Tax Credit, will give Illinois students access to donor money if the state opts into the program.