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Thread: I don't get the big deal...

  1. #21
    Senior Member Yossarian's Avatar
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    Quote Originally Posted by Williamsmith View Post
    Real estate taxes in Illinois ...a real problem. Yes.
    Maybe. I live in downtown Chicago. Quick math tells me I am paying about 1.5% a year in property tax. That of course could go up but it is not much more than the 1.2% I paid in Georgia or anywhere near the 4% some of my friends pay in NJ

  2. #22
    Senior Member iris lilies's Avatar
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    Quote Originally Posted by Yossarian View Post
    Maybe. I live in downtown Chicago. Quick math tells me I am paying about 1.5% a year in property tax. That of course could go up but it is not much more than the 1.2% I paid in Georgia or anywhere near the 4% some of my friends pay in NJ
    In St. louis we are paying 1.28 % and that buys us shitty public schools, but thatbis a different topic.

    The places in Belleville I look at seem to be closer to 2 - 3 %. But I dont have a good grasp on it. I
    do know that the fabulous old house I love in Alton is currently listed under $300,000 and the taxes are $8,000 but that is an unusual case, the list price has been dropping for two years on it.

  3. #23
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    Quote Originally Posted by Yossarian View Post
    Maybe. I live in downtown Chicago. Quick math tells me I am paying about 1.5% a year in property tax. That of course could go up but it is not much more than the 1.2% I paid in Georgia or anywhere near the 4% some of my friends pay in NJ
    You also have to consider that Chicago has one of the highest sales tax rates of big American cities. They have been debating a city income tax as well. Like the State, the City has been flirting with junk credit status for some time.

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