So many things in life, like root canals, splinters in your foot, or taking a big drink of spoiled milk are much, much more pleasant than making those property tax payments every year, especially here in the Land of Lincoln.
If you own a home in Illinois you know what I’m talking about. Property taxes are, to put it diplomatically, steep.
According to a recent study by PropertyShark, Illinois ranks second in the nation for effective property tax rates. The state’s effective rate is about 2.1% of market value each year. That means a home worth $300,000 could carry a tax bill of around $6,300 annually, which is definitely heavier than homeowners in most states face…