Thurman Merman wrote: minnesotacubsfan wrote:
Thurman Merman wrote:Let's just say that I only pay 6500 a year in property taxes and I'm super pumped how low that is. I have no idea how people can buy these places with taxes above 10k.
I understand if you don't want to say, but how much is your place valued at? Whats its market value?
My house is a $590k house in puget sound, I pay $3800 a year in property tax, for comparison
Those taxes are bases on somewhere around a 270k house value
Depends on the area. Here's my districts funding summaryhttps://www.illinoisreportcard.com/dist ... 20programs
90% local funding in my district, whereas state average is about 67% local. I believe no other state has such little state funding for education (according to my education-employed wife). A cursory google search tells me that Washington school districts are 70% state funded, and there's a cap on the local property funding allowed. If I'm reading the cap rules right, my school district funding under similar rules would go from a little over 6k to about 3.6k max. Then there's the city, park distict, county, other amounts which is about 1/4 of my tax bill. Anyways, it all leads to the highly segregated schooling funding in Illinois. Rich get richer, poor get poorer. So just another reason why IL really needs a comprehensive funding/revenue overhaul. But mostly pension reform, or the revenue/tax reforms would be meaningless as far as fiscal health outlook.