Property Tax Bills Arrive
And while certain politicians claim they held the line on taxes, every other taxing body in existence seems to have jacked up their rates:
- It’s sticker shock in the mail. Tax bills went out to Cook County homeowners this week and the big jump in the amount due to many homeowners has some wondering if they can keep their house.
[...] According to the Cook County Clerk’s office, tax rates are up for schools, park districts, municipalities and other government bodies. Some of those tax levies have made double-digit increases in tax rates.
Labels: money questions
posted by SCC at 12:01 AM
38 Comments:
My bill went up around $80.00... Keep screwing the working man and a revolution is eminent.
Mine is up about $500.00
The CPS budget is set just under 6 BILLION dollars, for next year!!
Google it
Now, considering that your tax dollars are funding this disaster, look what you are getting for your money!
look up this website, read the description, and enter- "Chicago"- in the "Search This Table" field.
http://media.apps.chicagotribune.com/tables/college-ready.html
If you look at the "At least 3 subjects" column, you will see that only: Northside, Payton, Young, Jones & Lane have a >50% success rate in meeting ACT standards (national averages).
The rest of the schools (entire CPS system) probably are averaging 3-5% success rate in preparing students for college.
If the WHOLE POINT of the CPS is to produce students that can succeed in life, is 3-5% success rate worth 6 BILLION A YEAR!!!
6 BILLIONS for less that 10% success rate!
We piss away 6 billion on CPS, EACH YEAR!!!
Yep this very well could be the straw that breaks the camels back for many.
Consider this:
==============================
A quarter of all Chicago-area mortgages underwater
September 13, 2011|By Mary Ellen Podmolik | Tribune staff reporter
More than 387,500 residential mortgages in the Chicago area, representing one-quarter of all homes with a mortgage, were underwater at the end of June, according to new data released Tuesday.
Another 5 percent of local loans, or more than 79,000, were in a near negative equity position, meaning the homeowner's equity in the property was 5 percent or less, research firm CoreLogic said Tuesday. A continued decline in home prices could push those homeowners into a negative equity situation as well.
http://articles.chicagotribune.com/2011-09-13/business/chi-a-quarter-of-all-chicagoarea-mortgages-underwater-20110913_1_negative-equity-corelogic-mark-fleming
=================================
Jingle mail. Time to mail in the keys and just walk away. Can't make the payments and pay the taxes working part-time min-wage Wal-Mart-like shovel-ready jobs.
Of course the impact will trickle down into the public pensions and wages with cuts. Yet amazingly there is absolutely no motivation at all to charge and prosecute the bankers that started it all. The global economic Armageddon.
The only ones willing to take a stand against the bankers are being stigmatized and stereotyped as loonies as the false rumors are spread in an attempt to debase their efforts with ridicule.
Hi
The reason for most of the tax hikes is due to to our govenor cutting our home owner's exemption in half. Just look at you tax bill.
Keep voting for the Democrats. Idiots.
Read the paragraph how they blame pensions. If they paid into the pensions like the law states we wouldn't have this issue. Times were good and politicians wastefully spent and did not meet their obligations. Not our fault
I guess I am out of touch. How does any home in Markham have a $8,100 property tax?
Everyone needs to contest your taxes on line.
http://cookcountyboardofreview.com/
So many live beyond their means. Buy $500 grand houses? On a police salary? And send their kids to private schools? Sounds like living Obama math.
make sure that your home owners exemption is taken off...My 2nd installment went by by over $1K but i realized that they didnt deduct the exemption. i'm sure i'll have fun getting it put back on
It wouldn't be so bad it they didn't STEAL all of it!!!!!!!
TIME TO BRING BACK SMOKING!
LEGALIZE PROSTITUTION IN CERTAIN AREAS.
TAX WEED
OR PRICE ALL THE SENIORS OUT OF THEIR HOMES!
Like it or not, Chicago's tax rate is the lowest in Cook County at 4.94%.
Some others:
Lincolnwood: 7.1%
Harwood Hts: 6.1%
Lagrange: 6.7%
Tinley Pk: 8.3%
Orland Pk: 7%
CPS is a Union boondoggle that has failed in it's mission. They still try to teach kids who are not college material college prep courses. With our infrastructure failing and a need for craftsmen to keep our aging machinery functioning one would think that CPS would move to trade training. But if they do that, Unions would lose their ability to control those jobs, and they might hold back funding of the Democrat Party.
So the kids stay stupid and our property tax goes up, while our property value goes south. What the hell are we doing here?
Glad to see my taxes jump way up as my home value plummets. At least the little insert mailed with the bill blames the raise on my unfunded pension!
Everyone needs to contest your taxes on line.
And everyone will be denied too.
I did that every year for over 2 decades, in 2 different locations. The reason for NOT lowwering my taxes: Everyone else in your area pays that general amount, so you will too. That's Cook County reasoning in action folks.
Another 5 percent of local loans, or more than 79,000, were in a near negative equity position, meaning the homeowner's equity in the property was 5 percent or less, research firm CoreLogic said Tuesday.
--------------------
Its a good bet that the reality is that anyone within 10% is really underwater given the wide disparity between appraised values and what stuff is actually selling for.
Add in closing costs that can approach ten percent or more (by the time taxes are settled etc.) and I bet close to half have no real equity built up.
Anonymous said...
I guess I am out of touch. How does any home in Markham have a $8,100 property tax?
10/07/2011 01:34:00 AM
Markham has a tax rate between 11.937 and 12.661%. Markham's tax rate is twice that of Chicago.
You need to take a few minutes, go online (or pay someone a few bucks) and challenge your home's assessed value. I did, and even with a tax hike and cut in homeowner's exemptions, my bill went down a couple-hundred bucks per year. And no, I don't live in Englewood...or Markham.
Chop, chop, Lets go. Get those tax payments sent in. The link card mutts depend on you.
How can Quinn, Rahm or Preckwinkle keep a straight face when talking to the media or the public?
I'm beginning to think the Wall Street Occupying crowd might have a poing.
Add to this misery our homes are probably worth one third to one half less what they were two years ago. The more money politicians get the more they spend. Even then they run up more debt. I am afraid we are doomed.
My house is worth 1/2 of what is was but my taxes are going up. BS!
Why are we paying these fucks?
Obama's new economy.
Take from us. Give to them.
Redistribute the wealth.
The assessor also tried to fool the homeowners by this year for the first time getting 55% of last years bill on the first installment. Then the second installment will be smaller Previous years your 1st installment was 50% or half of last years tax bill It also hides the increase unless you read the whole tax bill
And, Blago is selling his family home for over a million. Patty should have her licensed revoked for listing it for that much!
I understand you all want residency change, but where in the hell can you go if you can't sell the home you have right now? Go for the raises, benefits, etc and worry about residency when the housing market picks up in five years.
Remember the 1st bill was 55% of the tax bill but yet the 2nd bill is higher
This is why I rent a 2 brd in Lincoln Park...and don't own a car.
Fuck County Property Tax.
Screw the City Sticker.
And I don't pay a water bill as a renter.
I love living in 019.
Keep voting for the Democrats. Idiots.
10/07/2011 01:11:00 AM
Moron...its the overall Crook County and Shitty Hall that is the problem...not a Political Party.
Here's a novel idea. Tired of all the bailouts you're paying for. Tired of all the leaches and bloodsuckers that are taking your blood because you money is not enough? Let's all file for personal backrupcy. That's right we get our bailout and start over fresh with no debts just like big business. They'll have no choice but to cut entitlements. Fuck bama manuel.
Moved to Arizona after I retired. Tax bill has gone down the last 2 years. Value of the house is down about 5%. They actually lower your taxes as the value of your home declines. Amazing
old retired guy
Everyone needs to contest your taxes on line.
And everyone will be denied too.
I did that every year for over 2 decades, in 2 different locations. The reason for NOT lowwering my taxes: Everyone else in your area pays that general amount, so you will too. That's Cook County reasoning in action folks.
10/07/2011 10:27:00 AM
Do your homeword, then, and find comps nearby to bolster your claim. If you let the county tell you what the 'comps' are, you'll lose every time.
Glad to see my taxes jump way up as my home value plummets. At least the little insert mailed with the bill blames the raise on my unfunded pension!
10/07/2011 10:18:00 AM
The irony is that the unfunded pensions those taxes may cover will never be those of the police department but hey why not try to skew the public's perception against us.
Our tax rate is lower than a lot of surrounding suburbs? Big deal, they can send their kids to halfway decent school for free!
Markham has a tax rate between 11.937 and 12.661%. Markham's tax rate is twice that of Chicago.
10/07/2011 10:52:00 AM
I'm like all boo-hooing for them 'burbaners. The residents of Markham are all relocated former Chicagoans. If they wants the 'burban life style, they gots to pay for the 'burban life style!
Also, there is a bit less flying lead out there. They have high taxes because of a safety enhancement or a Lesslead Tariff.
But not in Chicago. The "enhanced" property taxes can be considered a death tax. If you want to die here, you gots to pay high for the privilege. It's the Pay To Die Here Tariff.
Stay classy Chicago.
Ron "Tiny Dancer 9.5" Burgundy
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