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User Info Beaker! (Podcast); entered at 2020-01-12 16:29:07
Posts: 463
Registered: 2017-04-29 DeKalb, Illinois
When I bought my current humble abode in 1987, it cost me $55,000, and I had a mortgage with a 10.5% interest rate. I paid about $900 in property taxes. Now, my house is assessed for tax purposes at ~$125,000, and I pay more than $3500 in property taxes each year, despite my homestead exemption, my senior citizen exemption, and since I am a disabled veteran, I get a $2500 a year break in my assessment. I have not noticed the city services getting better, and the school system has seen their test scores plummet after building a Chicago Suburban class high school.

So, I am striking the flag, and moving to northeastern Iowa in a rural location. The house there cost me twice what the assessed value of my Illinois house is, and I should pay about $1000 less in property taxes on a much nicer house. The taxes out there will be going up, too, but not nearly as bad as they will here in Doomed Illinois.
2020-01-12 16:29:07