I closed on my home in 2022 and got a crazy tax increase the following year. My whole town just went thru a reassessment (first in 12 yrs), I'm interested to see how my neighbors and others react since they've been here forever.
Homeowners fuming after receiving increased property tax assessments
- Thread starter bnew
- Start date
jilla82
Veteran
im talking about real life in democrat led citys/suburbs in Illinois and the Northeast (what ive experienced)
progressives increase taxes too in different ways...
their voters/constituents dont see it because they show up via second order effects
the Bay Area and places like Portland are perfect examples
jilla82
Veteran
Tech and finance...yet they consistently remain the economic engines of america.
nothing to do with their tax policies
Fulton Co. Commission announces plans to increase property taxes by more than 12%
DeKalb County proposes 2025 property tax increase amid rising values
DeKalb County proposes 2025 property tax increase amid rising values
DeKalb County proposes a property tax increase for 2025 due to rising property values, despite the overall millage rate remaining unchanged.
'Highballed': How disproportionate property taxes are forcing some Americans out of their homes
'Highballed': How disproportionate property taxes are forcing some Americans out of their homes
An analysis of real estate data by ABC Owned Television Stations shows that homeowners in majority-nonwhite neighborhoods tend to pay disproportionate property taxes.
abcnews.go.com
Bonita Anderson's favorite part of living in Baltimore is having family nearby. A family matriarch with five children and eight grandchildren, Anderson worked hard to buy a place in the city for her family to call home in 2009.
"It was an accomplishment for me," she said. "That's where we used to gather to bring the family together."
Last week, what was once Anderson's cherished home was listed for sale at nearly $540,000 -- more than five times what she paid for it. But Anderson won't see any of the proceeds.
While undergoing treatment, Anderson fell behind on her property taxes by about $5,000. In 2022, she lost her house at a Baltimore City tax sale.
"I sat down and thought, 'Oh my god, I'm 70 years old and I'm homeless,'" Anderson told ABC News Senior Political Correspondent Rachel Scott.
The City of Baltimore had put a lien on Anderson's tax debt and auctioned it off to the highest bidder -- a company that specializes in tax lien purchases -- for just $69,500.
Court records show Anderson tried to make good and redeem her home, paying the city $18,900 by the end of 2022 -- more than triple her outstanding taxes. But instead of putting these payments toward her back taxes, the city applied the money to taxes that had accrued under the new owner.
Anderson was unknowingly paying the investor's tax bills instead of her own, allowing the company to foreclose on her home in 2023.
Chrishaune
Veteran
Bankers are never going to let people just live.
They are the ones that determine the value of your property and get your taxes raised.
Never ending cycle of slavery.
Debt is slavery.
They meant what they said. You will own nothing.
Peruvian Connect
Superstar
WoW!!!!'Highballed': How disproportionate property taxes are forcing some Americans out of their homes
'Highballed': How disproportionate property taxes are forcing some Americans out of their homes
An analysis of real estate data by ABC Owned Television Stations shows that homeowners in majority-nonwhite neighborhoods tend to pay disproportionate property taxes.
Bonita Anderson's favorite part of living in Baltimore is having family nearby. A family matriarch with five children and eight grandchildren, Anderson worked hard to buy a place in the city for her family to call home in 2009.
"It was an accomplishment for me," she said. "That's where we used to gather to bring the family together."
Last week, what was once Anderson's cherished home was listed for sale at nearly $540,000 -- more than five times what she paid for it. But Anderson won't see any of the proceeds.
While undergoing treatment, Anderson fell behind on her property taxes by about $5,000. In 2022, she lost her house at a Baltimore City tax sale.
"I sat down and thought, 'Oh my god, I'm 70 years old and I'm homeless,'" Anderson told ABC News Senior Political Correspondent Rachel Scott.
The City of Baltimore had put a lien on Anderson's tax debt and auctioned it off to the highest bidder -- a company that specializes in tax lien purchases -- for just $69,500.
Court records show Anderson tried to make good and redeem her home, paying the city $18,900 by the end of 2022 -- more than triple her outstanding taxes. But instead of putting these payments toward her back taxes, the city applied the money to taxes that had accrued under the new owner.
Anderson was unknowingly paying the investor's tax bills instead of her own, allowing the company to foreclose on her home in 2023.
Chrishaune
Veteran
Nobody will step up and fight though.
Politicians just using distraction tactics on the public.
Sir Richard Spirit
Superstar
Dixmoor is a piece of shyt and Park Forest ain’t the best either
Me and my wife been wanting to move back to Illinois. We been looking at this subdivision in Lynwood. Almost $6,000 in property taxes for 3 blocks worth of neighborhood. Everything else is open field.
My wife is worried the minute they put a McDonald’s or something close the property taxes are gonna shoot up even more.
When we first started looking at this subdivision they was building houses for $290,000. Now every house is half a million plus.
The property taxes may burry me in 10 years if I make this move honestly.
Here is the thing, u live in a house ( outside of living in a log cabin in woods ), what services do u want to forgo?
Roads
Water/Sewer
Police/Fire/Rescue
Schools
Lights
Recreation
Etc.
That's where our property taxes go to a more I suppose
Roads
Water/Sewer
Police/Fire/Rescue
Schools
Lights
Recreation
Etc.
That's where our property taxes go to a more I suppose
Chrishaune
Veteran
And people with this thought process keep a corrupt system moving towards collapse.
Instead of looking at the real cause.
Don't worry it's coming.
Kyle C. Barker
Migos VERZUZ Mahalia Jackson
Chrishaune
Veteran
A change in thought process needs to happen .
They can go up on taxes whenever they want.
And now they are building A.I systems that will automatically do it on the daily for them.
You won't fix this by just working hard and constantly giving more and more of your earned income to the government.
You are just going to find your family out in the streets eventually, because you ran out of whatever you had to give.
If people don't take a look at all of the people around them that this has already happened to, that's on them.
People are supporting a system that will constantly eat the people working in it.
What are states like Illinois gonna do when people start leaving for lower taxed states? Its insane how high property taxes are in these states compared to down South.Dixmoor is a piece of shyt and Park Forest ain’t the best either
Me and my wife been wanting to move back to Illinois. We been looking at this subdivision in Lynwood. Almost $6,000 in property taxes for 3 blocks worth of neighborhood. Everything else is open field.
My wife is worried the minute they put a McDonald’s or something close the property taxes are gonna shoot up even more.
When we first started looking at this subdivision they was building houses for $290,000. Now every house is half a million plus.
The property taxes may burry me in 10 years if I make this move honestly.
In 2023, the effective property tax rate in Illinois was 1.83%
Alabama: 0.38%
South Carolina: 0.51%
Tennessee: 0.49%
North Carolina: 0.82%
Illinois Buyer Says Her Mortgage Skyrocketed From $1,512 to $4,167 After Losing The Homestead Exemption
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finance.yahoo.com
The user posted in the r/personalfinance subreddit under the headline: "Help! Monthly mortgage went up by 175%!" She explained that her payment was previously $1,512.61, but her latest escrow analysis revealed a shocking new total: $4,167.61 per month. "Is this normal???" she wrote.
She bought her home in late August 2022, which meant she didn't owe property taxes for that calendar year. The previous owner, a senior citizen, had a senior homestead exemption that drastically lowered the property tax bill. But when that exemption expired with the sale — and the new homeowner failed to file for her own — her county reassessed the full taxable value of the home.
Her 2023 county tax bill? A jaw-dropping $12,943.17.
"I didn't have the Homestead Exemption for the year of 2023," she later updated. "That caused the city of Harvey to increase my taxes significantly. HOWEVER, taxes did increase and $10,000 of property taxes to live in Harvey, IL is outrageous."