Fifty-eight percent of Illinois voters polled said their property taxes don’t provide enough value in public services. Illinoisans pay the second-highest property taxes in the nation.
A new survey for the Illinois Policy Institute found 58% of Illinois voters polled don’t think the value of public services they receive are worth the property taxes they pay.
Illinoisans pay the second-highest property tax rates in the nation behind only New Jersey.
A University of Chicago study found Cook County property taxes are highly regressive because low-income communities can’t afford to appeal their property taxes, meaning they pay disproportionality more.
Property tax burdens affect renters, too, as landlords pass on property tax costs through rent. As a result, property taxes can significantly impact the affordability of housing for both homeowners and renters.
Funding for quality public services has suffered because of Illinois’ rampant pension growth, which crowds out funding for key services. Since 2000, pension spending is up 584% while vital services have suffered or dropped.
Affluent homeowners have a greater capacity to leave the state altogether. According to a United Van Lines survey of Illinois movers, those leaving Illinois made up 63% of total migration, the second highest in the nation behind New Jersey.
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