Property Tax "Truths"

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Property Tax "Truths"

Do you know the story behind your rising property taxes?

Illinois’ property taxes are the highest in the nation. In fact, many Illinoisans pay more toward property taxes than they do toward their mortgage each year. But why are they so high?

Take this quiz to find out how much you know about Illinois’ property taxes.

Some of the answers will surprise you.

What’s the single biggest tax collected in Illinois?

Illinois collects $27 billion in property taxes. Income taxes, next in line, total $23 billion while sales taxes generate just over $8 billion.

Illinois’ property taxes are how much higher than the national median?

Local governments in Illinois take a combined 2.67% bite of property value. Nationally, the median property tax rate is only 1.31%. This means Illinois has the highest property tax rate in the nation!

After Illinois, the states with the highest median property tax rates are: New York, 2.53%; New Hampshire, 2.4%; and New Jersey, 2.37%.

How much of a median household’s annual income is consumed by property taxes in Illinois?

Property taxes are taking more money than ever out of your wallet, consuming 6.4% of Illinoisans’ median household incomes in 2013. That’s nearly double the 3.6% property taxes consumed in 1990.

Since 1990, how much faster have property tax bills grown when compared to household incomes?

Property tax bills have grown 3.3 times faster than the pace of growth in household incomes since 1990. Do you feel like you’re getting 3.3 times more out of your government?

Approximately, how many units of local government does Illinois have?

Illinoisans pay the highest property taxes in the U.S. to fund nearly 7,000 units of local government – the highest total in the nation.

What percentage of an average Illinoisan’s property tax bill goes to pay for his or her school district?

The largest share of Illinoisans' property taxes supports schools and community colleges. In 2013, 63.2% of all property taxes went to schools, the highest share on record since 1968.

What percentage of school administrators in Illinois make six-figure salaries?

Seventy percent of the 6,700 full-time school administrators in Illinois receive more than $100,000 in total compensation every year. That includes salaries, bonuses, annuities and other retirement bonuses but does not include pension benefits.

What’s the average annual pension of a career teacher in Illinois (30-plus years of service, recently retired)?

The average retired career teacher receives $73,000 in pension benefits annually. This means you are paying for the average career teacher in Illinois to get more than $2.2 million during the course of his or her retirement.

Approximately how many of Illinois’ 852 school districts have just one or two schools, making an additional layer of school district administration wasteful?

Forty-four percent of school districts in Illinois serve only one to two schools. An additional layer of administration, over and above what already exists at the school level, is excessive and expensive for school districts of this size.

You Win

It’s hard to believe all of this is right, but with your help we can change that. We have developed a plan that would lower property taxes while getting the state back on a fiscally responsible path.

The key is getting this plan into the hands of lawmakers so they can face the facts: Illinoisans need real property tax reform.

Will you help us make sure Springfield hears this message loud and clear? Sign our petition today and tell lawmakers to support property tax reform.

You did well, but can you believe all of this is true? The good news is with your help, we can change it. We have developed a plan that would lower property taxes while getting the state back on a fiscally responsible path.

The key is getting this plan into the hands of lawmakers so they can face the facts: Illinoisans need real property tax reform.

Will you help us make sure Springfield hears this message loud and clear? Sign our petition today and tell lawmakers to support property tax reform.

You obviously know the truth about your property taxes. And I’m sure you agree this system is ripe for reform.

We have developed a plan that would lower property taxes while getting the state back on a fiscally responsible path.

The key is getting this plan into the hands of lawmakers so they can face the facts: Illinoisans need real property tax reform.

Will you help us make sure Springfield hears this message loud and clear? Sign our petition today and tell lawmakers to support property tax reform.