The Highest Property Taxes by region

Region Midwest Northeast South West

 County Lake County, Ill. Westchester County, N.Y. Loudoun County, Va. Marin County, Calif.

Avg. annual property tax $6,052 $8,404 $4,844 $5,233

The States People Are Fleeing In 2013: Forbes 02/09/2013

Illinois is ranked 2nd for most people exiting the state. Illinois is ranked 2nd for highest unemployment at 9.2%. Illinois is ranked 7th for the highest property taxes in the country. Illinois is 51st out of 50 states in education, for students with disabilities thats including the district of Columbia. Illinois is #2 as the highest salary plus retirement of teachers in the country. Illinois is also #1 for the most corruption in the country with the least amount of prosecutions.

Where Do Our taxes Go?

How to Get Value?
Comp 1 $77,500 Comp 2 $90,000 Comp 3 $82,500 Add all three comps and divide by three $250,000 / 3 = 83,333.33 Comp1 - Land Market Value $77,500 - $17,653 =$59,847 Comp2 - Land Market Value $90,000 - $17,653 =$72,347 Comp3 - Land Market Value $82,500 - $19,771 =$62,729 $194,923 / 3 = $64,974.33 + $18,190 (Subject Property Land Market Value) = $83,164.33 (New Assessed Value) $83,164.33 x .3333 x 15.688% = $4,349 (New Real Estate Tax) - $5,455.82(Old Real Estate Tax) Real Estate Tax Difference is $1,106.82

Sign up to vote on this title
UsefulNot useful