Can you imagine if you opened your mailbox and learned taxes on your home had jumped a remarkable 1,222%? That's what reportedly has just happened to some in Illinois.
This just in. Property tax rates are rising in Illinois. If you opened up an envelope from the state and got an unwelcome surprise about what you owe, the Land of Lincoln gave 4 different scenarios where big property tax bumps can happen.
The numbers are mind-blowing, data has been collected to see how much the property taxes in Illinois have increased since 1990, and when you see the numbers it will make you understand clearly why people are leaving the Land of Lincoln.
The Effective Real-Estate Tax Rate in Illinois is the second-highest in the United States, the numbers when you average them out can be daunting to a middle-class family, see for yourself.