Second Worst Prop Taxes
Property taxes.
One of life's necessary little evils.
Although in Illinois, they are not so "little".
From the Chicago Tribune:
Illinois still has the second-highest property taxes in the nation, according to a survey by personal finance website WalletHub.
Only New Jersey has a higher effective property tax rate, the survey found.
Though property taxes vary from county to county across the state, the average effective rate in Illinois — the proportion of the value of a home that a homeowner must pay each year in taxes — was 2.25 percent, just a hair below the New Jersey rate of 2.29 percent.
Hawaii has the lowest effective property tax rate in the nation at 0.28 percent, WalletHub found. But before you rush to move to Honolulu, bear in mind that the median Hawaiian home costs $504,500, nearly three times as much as the median Illinois home.
Illinois. #2.
Just shy of being #1.
On a list where #1 represents suckiest in the States.
Wonderful.
Read more on this topic from Reboot Illinois:
With all the turmoil in Springfield and the overwhelming debt/obligations in this state, who knows what will become of property taxes.
Out for now.......
Matt
