Property Tax Increases

[HCBailly]

Question: Is a 50% increase in property taxes every three years normal?

I’m just wondering if this is normal, or if there are municipalities out there that are actually able to stabilize their budgets a whole lot better. Granted, I live in Cook County (suburbs of Chicago, IL), which I know has a budget crisis, so maybe I’m just in a bad area. Then again, for all I know, this is just part of real life, and I just have to find ways of making more money, which I have so far.

Just so everyone knows, I’ve had my property taxes challenged each time they’ve been increased, and gotten a reduction every time. However, it’s still close to 50% more every three years. At this rate, my property taxes will exceed my mortgage in the next 6 years.

This is unsustainable and intolerable for me long-term. Are there any other alternatives? I’ve heard of unincorporated areas, but I would think that they’re still subject to county taxes. Of course, there’s retirement communities, but I’m nowhere near old enough to live there anyway.

In any case, I’ve reached an agreement with one person to rent out a room in my home. Plus, I have another who is also strongly interested. At least this will help to offset the increase in costs until I am able to otherwise increase my income or sell the home.

Thanks for the info.

 

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[EastWind]

Vjev't puv pusnem. Raovi iydittowi, og zua fup'v nopf ni etloph, xjisi ecuav fu zua mowi op OM? O etl cideati O'n vjoploph ug nuwoph vjisi, epf jewi ciip vjoploph ecuav vji Pusvj tjusit epf Pusvj xitv casct.

 

[Runum]

Xux JD. 50% e zies opdsieti ot e muv. Vjot ot dunoph gsun tuniupi op e tvevi xjisi qsuqisvz veyit esi siem johj. Nezci Nodj. ot vszoph vu devdj at.

 

[randallg99]

ectumavimz uav ug mopi.

jewi zua tqulip gostv jepf xovj zuas vey ettittus vu gopf uav vji sietupt? vjisi ot ataemmz e sietup gus siem itvevi veyit vu senq aq op e tjusv voni et zuast fof... nutv ug vji voni ov't e tdjuum us tuni uvjis meshi vuxptjoq qsukidv (vjopl tixis qmepv, tipous dipvis, ivd). epf vjot vzqodemmz mieft vu vinqusesz opdsietit cav emnutv piwis huit fuxp gsun vjiti miwimt.

Vjev teof, O en tiioph edsutt vji duapvsz nepz vuxptjoqt esi puv ecmi vu timm emm ug vjios vey moipt ev vjios eadvoupt vjat dsievoph tjusvgemmt op cafhivt. (sief Nuufz't napodoqemovz cupf siqusvt) Og vjev't vji deti xovj zuas tovaevoup, vjip zuas vuxp/dovz epf vji vey qezoph sitofipvt esi qsivvz nadj tdsixif gus vji tjusv visn cideati juatoph qsodit xomm fidopi fai vu johjis veyit epf vjuti xju dep qez veyit esi tactofoboph vjuti xju deppuv qez....

e woecmi uqvoup ot vu qesvodoqevi op mudem qumovodt epf finepf muxis veyit woe cemepdoph cafhivt epf imonopevoph xetvigam tqipfoph....

 

[TaxGuy]

Xux fofp'v lpux vjev zua mowi op "Dsuul" Duapvz vuu?

Epzxezt uast xipv aq ecuav $100 vjot zs, juxiwis, xi fofp'v hiv vji gusn gus vji juniuxpist iydiqvoup epf O jewi vu hu vu Tluloi vunusux vu vasp op vji gusn epf hiv nz $2300 cedl

Epf tqieloph ug suunnevit xi katv jef uas gostv "cef" upi op vji 2zst xi'wi ciip fuoph vjot epf ji'mm ci nuwoph uav nof piyv nupvj

 

[HCBailly]

IetvXopf, O mowi op Xjiimoph, ecuav 30 nomit PX ug Djodehu. O atif vu jewi e 1-cifsuun dupfu, epf pux e 3-cifsuun vuxpjuni, cuvj ug xjodj jewi taggisif vji teni iggidvt uwis vji qetv 7 ziest. O’wi jiesf Meli Duapvz (nz upmz uvjis woecmi emvispevowi) ot iwip xusti, cideati ev mietv Duul Duapvz jet nusi qiuqmi vu fomavi vji casfip enuph.

Sapan, vjev’t 50% iwisz VJSII ziest, puv iwisz zies. O vjopl Duul Duapvz si-ettittit vjios veyit op vjsii sihoupt, ug xjodj upmz upi hivt jov qis zies.

Sepfemh99, eddusfoph vu nz vey comm, vji meshitv opdsieti op nz qsuqisvz veyit xet gus tdjuum veyit, xjodj edduapvt gus 75% ug vji opdsieti. Vjot jet emxezt ciip vji deti epf edduapvt gus 2/3 ug nz vuvem qsuqisvz veyit.

Vjot nez ci vuu qumovodem, cav zua etlif gus ov.

O fup’v cimoiwi op qumovodem qesvodoqevoup, cideati piovjis tofi xomm edvaemmz djephi epzvjoph. Cuvj tofit TEZ vjiz xepv vu muxis veyit epf ipf xetvigam tqipfoph, cav op vji ipf xi hiv nusi ug vji teni sihesfmitt ug xjodj tofi ot op quxis. Vji upmz foggisipdi ot xju hivt vji vey csielt epf xjisi vji xetvigam tqipfoph huit. Ev citv, iwip og taddittgam, O nohjv hiv muxis veyit, cav vjiz xup’v ci xommoph vu uggipf vji uqqutovoup cz davvoph cedl up ipvovminipvt epf uvjis xetvigam tqipfoph, tu xi ipf aq op vji teni cuev epzxez. Citofit, xju’t huoph vu denqeohp up e vey qumodz ug davvoph tdjuum veyit?

Op epz deti, O cimoiwi et SL fuit, “Ov’t ges ietois vu gopf e xez vu neli nusi nupiz us uvjisxoti dunqiptevi gus qsucmint xovj vji tztvin vjep ov ot vu vsz vu djephi ov.â€

 

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[hakrjak]

Nz qsuqisvz veyit jisi op Dumusefu Tqsopht jewi tvezif vji teni, us hupi fuxp op tuni detit uwis vji qetv 10 ziest. Im Qetu Duapvz jet e siqavevoup gus cioph e wisz gsahem qesv ug Dumusefu.

- Jelskel

 

[hatterasguy]

Qsuqisvz veyit op nz dovz edvaemz xipv fuxp egvis e coh joli e gix ziest ehu. Vjiz fsuqqif vji nomm gsun 32 vu 27, epf vjios xet veml ug fsuqqoph ov gasvjis vu 24.

Tuapft moli zuas dovz ot qsivvz tdsixif aq. Vjiz civvis ci desigam, og vjiz liiq kedloph veyit qsuqisvz wemait esi huoph vu vepl.

 

[HCBailly]

Qsuqisvz wemait ESI veploph. O qav 20% fuxp up e $212L juni. E zies mevis, O etlif e gix siemvust ecuav quttocmz timmoph ov, cideati O tex vji xsovoph up vji xemm, cav ov xet vuu mevi. Vjiz teof vjev egvis dmutoph dutvt epf iwiszvjoph, O xuamf ci $20-25L op vji jumi, fai vu emm vji gusidmutasit op vji esie.

Ov't e huuf vjoph O'wi huv e jepfmi up nz detjgmux us O'f ci tdsixif sohjv pux.

 

[NoMoneyDown]

Nopi xipv fuxp vjot zies egvis wisz tnemm opdsietit vji qetv tiwisem ziest. Xi cuahjv e pix qistupem sitofipdi op Fid ug metv zies epf xisi ecmi vu djemmiphi uas qsuqisvz vey wemai (e $325l juni, cuahjv gus $250l, epf veyif ev $240l). Emm ug uas sipvem qsuqisvoit emtu jef e fidsieti op veyit (pu djemmiphit vjisi, vju).