Wirepoints: Illinois Property Tax Bills Have Grown 268% Since 1990

Wirepoints: Illinois Property Tax Bills Have Grown 268% Since 1990

(The Center Square) – A report shows that Illinois property taxes have far outpaced household incomes and home values since 1990.  

According to Wirepoints, the average household now owes nearly $44-hundred dollars in residential taxes each year, up from $12-hundred in 1990.

Wirepoints President Ted Dabrowski said Gov. J.B. Pritzker promised to corral property taxes when he was elected, but it hasn’t happened.

Dabrowski said property taxes have contributed to Illinois suffering the nation’s third worst growth in inflation-adjusted home values over the last two decades.

Property tax bills as a share of household incomes are up more than 60 percent compared to 1990.