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1. www.illinoistimes.com › news-opinion › vote-yes-forVote yes for property tax relief | Opinion | Illinois Times

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   2 days ago · As a result, Illinois' excessive reliance on property taxes makes our tax code one of the 10 most unfair codes in the country. It's time for Illinois' 3,077,768 residential property taxpayers to take charge and reform our state's upside-down tax code to give guaranteed annual property tax relief to millions of Illinoisans who are struggling to stay in their houses.

2. www.illinoispolicy.org › reports › two-thingsTwo things Illinois homeowners should know about the property ...

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   Illinois should switch to a full market value assessment system to reduce complexity and make property tax bills easier to read. In Illinois, property is fully evaluated for property tax purposes ...

3. Videos

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     4:07

     abc7chicago.com

     New Illinois laws: Illinois property owners to pay for governments' taxation errors, law signed by Governor JB Pritzker says

     Dec 30, 2022

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     investopedia.com

     Your Property Tax Assessment: What Does It Mean?

     Sep 5, 2012

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     1:16

     youtube.com

     Illinois to begin sending out property tax and income tax rebates

     Sep 12, 2022

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4. news.uchicago.edu › big-brains-podcast-why-youreWhy You’re Likely Paying An Unfair Share of Property Taxes ...

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   May 20, 2021 · And similarly with a property tax, you’re meant to pay a certain percentage of the value, in this case of your home each year. And the issue is that we don’t always know the value of a person’s home. In fact, we usually don’t know it. And so I compared the property tax to the sales tax earlier, but there’s one important distinction.

5. www.illinoispolicy.org › reports › growing-out-ofGrowing out of control: Property taxes put ... - Illinois Policy

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   Using the quotient of the average property-tax payment divided by the median household income as an indicator of the property-tax burden, the tax burden increased to 6.4 percent in 2013 from 3.6 ...

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6. www.chicagobusiness.com › equity › property-taxProperty tax reform measure on ballot Nov. 5: Opinion | Crain ...

   www.chicagobusiness.com › equity › property-tax

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   Sep 9, 2024 · Illinois has the second-highest property taxes in the nation. The typical Illinois homeowner paid about $5,055 in property taxes in 2022, more than double the typical American homeowner’s bill ...

7. www.chicagotribune.com › 2024/07/11 › opinionWillie Wilson: Broken promises on property tax relief equal ...

   www.chicagotribune.com › 2024/07/11 › opinion

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   Jul 11, 2024 · Our Illinois legislators voted themselves consecutive pay raises totaling a 22% bump in their salaries since January 2023 — but have consistently failed to fix the unfair property tax system.

8. People also ask

   Why is Illinois' property tax assessment system so unfair?

   • Inaccuracy and unfairness in the property tax assessment process mean some homeowners, especially those in poorer areas, pay a disproportionate share of the overall tax burden. Here are two features of Illinois’ property tax assessment system that make the property tax process more complicated, less transparent and less fair than it should be.

   Two things Illinois homeowners should know about the property tax

   www.illinoispolicy.org/reports/two-things-illinois-homeowners-should-know-about-the-property-tax-assessment/

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   Should Illinois assess property more often?

   • Illinois should assess property more frequently and use only the previous year’s sales data in the assessment process to provide more up-to-date, accurate property values. Inaccuracy and unfairness in the property tax assessment process mean some homeowners, especially those in poorer areas, pay a disproportionate share of the overall tax burden.

   Two things Illinois homeowners should know about the property tax

   www.illinoispolicy.org/reports/two-things-illinois-homeowners-should-know-about-the-property-tax-assessment/

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   Are property taxes outpacing Illinois residents?

   • Property taxes are the single largest tax in Illinois, burdening residents far more than either income or sales taxes. Illinoisans already know they pay high property taxes. But what is not as well known is that property taxes are outpacing residents’ ability to pay for them.

   Growing out of control: Property taxes put increasing burden on

   www.illinoispolicy.org/reports/growing-out-of-control-property-taxes-put-increasing-burden-on-illinois-taxpayers/

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   Why are Illinois' property taxes so high?

   • When measured against median household income, Illinoisans’ residential property-tax burden is 76 percent higher in 2013 than it was in 1990. And the state’s increasingly burdensome property taxes are not due to an attempt to keep other taxes low. Instead, property taxes are just one of the many high taxes Illinoisans face.

   Growing out of control: Property taxes put increasing burden on

   www.illinoispolicy.org/reports/growing-out-of-control-property-taxes-put-increasing-burden-on-illinois-taxpayers/

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   Does Illinois have the most burdensome property taxes?

   • Illinois has some of the nation’s most burdensome property taxes. In addition, two of those three organizations put property taxes in context. Overall, Illinois also has one of the country’s most burdensome tax structures, making it difficult to justify increasing any major tax that would add to that burden.

   Growing out of control: Property taxes put increasing burden on

   www.illinoispolicy.org/reports/growing-out-of-control-property-taxes-put-increasing-burden-on-illinois-taxpayers/

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   How do property taxes work in Illinois?

   • Thanks to the complex nature of property taxes in Illinois, it’s also difficult for taxpayers to know just where their tax dollars are going. Property taxes are the main source of income for local governments in Illinois. The state has nearly 7,000 local government districts with the power to levy property taxes, far more than any other state.

   Growing out of control: Property taxes put increasing burden on

   www.illinoispolicy.org/reports/growing-out-of-control-property-taxes-put-increasing-burden-on-illinois-taxpayers/

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9. news.bloombergtax.com › daily-tax-report-stateIllinois Agencies Set to Examine 'Broken' Property Tax System

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   May 21, 2024 · Lawmakers approved SB 3455, requiring the Department of Revenue and the Department of Economic Development and Opportunity to conduct a comprehensive review that will consider “whether the existing property tax levy, assessment, appeal, and collection process is reasonable and fair.” The bill passed the House Monday by a vote of 94-14.