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>It is the opposite. Illinois homes’ sale prices are kept down due to the higher (and always increasing) property taxes. So true. I used to live in the Quad Ci
by DavidPeiffer 5y ago
>It is the opposite. Illinois homes’ sale prices are kept down due to the higher (and always increasing) property taxes.
So true. I used to live in the Quad Cities, which holds Bettendorf and Davenport in Iowa and Rock Island and Moline in Illinois. When looking at houses, there might be a 25% difference in prices for similar houses in Iowa vs Illinois. Many of my coworkers on the Illinois side were looking to move to Iowa, but were going to walk out with very little equity by the time they took a hit on the sale price and pay transaction costs.
The consensus among locals was "Illinois state government may implode at some point, and pretty well the only way to avoid that is by significantly increasing taxes".