5 Things You Should Know About Illinois Property Taxes

Excerpt from Reboot Illinois:

We’re hearing a lot about property taxes in Illinois this year because of two conflicting dynamics. Gov. Bruce Rauner wants to lower the amount of state income tax that goes to cities and smaller government units. For some of those entities, property taxes are the only protection against dwindling state funds.

To put some perspective on the importance of property taxes in Illinois — some would call it over-reliance — Center for Tax and Budget Accountability Research Director Amanda Kass put together a document that hits the high points.

Here are five things that every Illinois taxpayer — regardless of whether you own property — should know about property taxes here.

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