Pacolovestacos
DIS Veteran
- Joined
- Apr 15, 2016
Yippee for my awesome state.
Fellow Illinoisan here. We pay some of the highest property taxes in the nation (my county in particular is right there at the top), with high sales tax and income tax as well, and they still can't balance their budget. It's appalling. They are threatening that schools won't be able to open in the fall. How is that even possible? I guess I don't understand enough about government, but last I checked every child in the US is entitled to a public education.
whats your property tax rate, sales tax rate, and income tax rates at?
Pacolovestacos answered the sales tax question (varies by county, but yes, our sales tax is around 9%). Our city and county for whatever reason seem higher than others in Illinois, we pay $11,000 a year in property taxes for our home that we purchased for $313,000 two years ago (current valuation is around $315,000 for the house). I should know what the income tax rate is, but I don't...my DH and the our tax preparer would know
I'd kill for that. Here the norm is mid 9%-mid 10%Sales tax is between 8 and 9%.
I'd kill for that. Here the norm is mid 9%-mid 10%
That property tax is quite high.Pacolovestacos answered the sales tax question (varies by county, but yes, our sales tax is around 9%). Our city and county for whatever reason seem higher than others in Illinois, we pay $11,000 a year in property taxes for our home that we purchased for $313,000 two years ago (current valuation is around $315,000 for the house). I should know what the income tax rate is, but I don't...my DH and the our tax preparer would know
IDK perhaps. For a few years it was 4.6 for our income bracket now starting Saturday it will be 5.2 for our income bracket but will be retroactive to Jan 1st. I'm in KS.......I bet you can google what's been going on in our area.But I'm guessing your income taxes are much lower than ours.
I quite listening to all the chicken littles scream that schools will close, firemen/police won't respond, or that bridges will collapse underneath you, etc. It's every time a tax is proposed to be lowered or someone is opposing a new tax.IDK perhaps. For a few years it was 4.6 for our income bracket now starting Saturday it will be 5.2 for our income bracket but will be retroactive to Jan 1st. I'm in KS.......I bet you can google what's been going on in our area.
ETA: 2018 rates will be 5.7 for our income bracket.
Believe me not everyone jumps for joy for lower tax rates especially when you find out what can happen.
Well you did find out the whole country found out how NOT to do income tax reductions/eliminations with my state.I quite listening to all the chicken littles scream that schools will close, firemen/police won't respond, or that bridges will collapse underneath you, etc. It's every time a tax is proposed to be lowered or someone is opposing a new tax.
I say let's find out.
Illinois was in trouble before that.Well you did find out the whole country found out how NOT to do income tax reductions/eliminations with my state.