If an Illinois worker takes a pay cut during a recession, she knows the state isn’t going to take an even bigger chunk out of her paycheck. That’s because the state income tax rate stays the same. But if her home loses value, too, she could still see her property tax bill go up. Government...View Report
Sangamon County billed homeowners $215 million in 2017. This meant owners of a $127,000 Springfield home had a $2,600 property tax bill.
Illinoisans from all areas are leaving the state in droves, and Springfield lawmakers need look no farther than the state capital to see the proof.