New Report Says Illinois Has Nation’s Second-Highest Property Taxes

A new study says Illinois' property taxes are the second-highest in the nation.

 

The study by WalletHub compared the 50 states and the District of Columbia by using U.S. Census Bureau data to determine real-estate property tax rates.

 

For real-estate property tax rates, they divided the “median real-estate tax payment” by the “median home price” in each state.

 

Number one is New Jersey with an effective real estate tax rate of 2.47%.  Illinois was ranked second with 2.30%.  Rounding out the top three is New Hampshire with 2.20%.

 

Property taxes have been a hot topic for several years as Illinois has consistently ranked as having the highest or second-highest property tax rate in the nation, depending on the source.

 

A statement from Governor J.B. Pritzker's office says the governor has made strides in bringing down property taxes through pension consolidation and more state funding of schools.

 

Hawaii, by the way, has the nation's lowest property tax.  It's eight times lower than Illinois'.

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