Posted Mar 6, 2022, 3:18 AM
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Registered User
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Join Date: Jun 2013
Location: Chicago, IL
Posts: 471
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^^ I guess I don't see the issue? ~40K in taxes on a 3 million dollar home is a 1.33% rate, which is high but below the current Illinois average posted above. 2% is the upper limit in my opinion... once we see more than 2% that does not bode well for the city and state. I agree with the sentiments above where I would gladly trade a higher income tax rate (or switch to graduated) for a capping of property tax rates.
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