Property Tax Blues For Chicago, North Suburban Homeowners

While Chicagoland was preoccupied with the Blackhawks’ Stanley Cup victory parade Thursday, the Cook County Clerk’s office released the following:

Cook County Clerk David Orr released the 2014 property tax rates for the county’s more than 1,400 taxing agencies on Thursday, the final step in the tax process before bills are mailed out. The average homeowner in the city of Chicago and the northern suburbs will see their tax bill increase slightly, while the average homeowner in the southern suburbs will see a slight reduction in their tax bill.

In the south suburbs residential tax bills will on average be 1.0 percent lower. In north suburbs there will be an average increase of 2.4 percent, and most Chicago homeowners can expect an increase in their bill of 2.8 percent.

For the average single family home, this will translate to a decrease of $51.33 for south suburban homeowners, an increase of $155.49 for north suburban homeowners, and a property tax bill that is $89.44 higher than last year’s for Chicago homeowners…

(Editor’s note: Bold added for emphasis)

By the way, that $89 plus change property tax increase is based on an “average home with market value of $199,000″ in Chicago. Good luck finding a decent-sized family home that cheap in my old neighborhood on the northwest side of the city.

That being said, even a low three figure dollar increase in property taxes would likely be welcomed around my old stomping grounds compared to what could be coming down the line. John Byrne reported on the Chicago Tribune website this afternoon:

The threat of much steeper property tax hikes looms in Chicago. Mayor Rahm Emanuel is trying to find enough money to make police and fire pension payments set to balloon next year, and CPS faces a $1 billion budget hole driven by pension shortfalls of its own…

(Editor’s note: Bold added for emphasis)

You can read the entire press release on the Cook County Clerk’s website here.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Byrne, John. “Chicago property taxes to rise $90 on average.” Chicago Tribune. 18 June 2015. (http://www.chicagotribune.com/news/local/politics/ct-cook-county-property-tax-rates-met-0619-20150618-story.html). 18 June 2015.

Share

Tags: , , , , , , , , , , , , , , ,

Thursday, June 18th, 2015 Education, Entitlements, Government, Housing, Taxes
Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street"
(Memorial Day Weekend 2007-2010)

This Project Dedicated to St. Jude
Patron Saint of Desperate Situations



Please Rate this Blog HERE



happyToSurvive
Advertising Disclosure here. "Code Needed"=Promo Code Found On Advertiser Website. Ad Captions Last Updated 1/15/17.
ANY CHARACTER HERE
Buy Gold And Silver Coins Huge Silver Bar Sale (10 Oz. Individual & Monster Boxes)! World Gold (Bullion) Coins/Bars Also On Sale. Free Shipping On U.S. Orders $99 And Up (Only $5.95 Below $99!). BGASC Reviewed HERE.
ANY CHARACTER HERE
BullionVault World's Largest Online Investment Gold Service Taking Care Of $2 Billion For Over 65,000 Users From 175 Countries. BullionVault.com Reviewed HERE.
ANY CHARACTER HERE
1-Year Food Supply $1,597 + Free Shipping Limited Time Only; Alexapure Pro Water Filtration System $147; Big Savings On "Deal Of The Day" Page; Free Shipping On Orders Over $79. MyPatriotSupply.com Reviewed HERE.
ANY CHARACTER HERE
bullet proof vestsWorld's First Bulletproof Baseball Cap Only $129; Bulletproof Ceramic Plate (NIJ Level III Stand-Alone) Only $169; Bulletproof Backpack/Messenger Bag Panel Only $99. BulletSafe Reviewed HERE.
ANY CHARACTER HERE
Survival Titles Save 20% Discontinued Title Sale- Savings Up To 75% Off Original Price. Paladin Press Reviewed HERE.
 

Categories

Archives

Prepper Website

RSS Chris Hill’s Other Blog: Offshore Safe Deposit Boxes

  • Related Reading: Another Take On ‘Old’ Gold Coins Being Better Than Bullion Against Confiscation
    Earlier this week I discussed two recent blog posts by economist Martin Armstrong concerning what he thinks is the most effective way to possess and retain physical gold in the face of government confiscation. My understanding was “genuine old coins,” as: Coins are better than bullion for they have some historical value. Their historical value […]
  • Happy Inauguration Day
    Just wanted to wish American readers of Offshore Safe Deposit Boxes a happy- and safe- Inauguration Day. Christopher E. Hill Editor Betty White, It’s a Good Day (1954) YouTube Video
  • Related Reading: Jewelry Investing Article In Town & Country Magazine
    This afternoon I was surfing the Internet when I came across an article about jewelry investing on the website of Town & Country, the venerable monthly American lifestyle magazine. In “Is Jewelry the Last Brilliant Investment?” (published January 17), Stellene Volandes discussed “the role of stones and jewels as a new asset class” and the […]
  • Martin Armstrong: Old Gold Coins Better Than Bullion Against Confiscation
    In two January blog posts on his company’s website, economist Martin Armstrong shared what he thinks is the most effective way to possess and retain physical gold in the face of government confiscation. On January 10, Armstrong advised his blog readers: As we move forward, it will be best to hold assets out of banks […]
  • New Year’s Half-Price Domain Sale
    A little housekeeping to start off the blogging week on Offshore Safe Deposit Boxes. I’d like to direct your attention to the following on the blog’s sidebar: Opening An Offshore Private Vault? New Year’s HALF-PRICE Domain Sale Limited Time Only! elitevaults.com $100 offshoreprivatevault.com $500 offshoresafedepositbox.com $500 Inquire Via “Contact” Page Have a great week, Christopher […]