Large property tax increase brings shock to tenants, homeowners

  Рет қаралды 35,340

NBC Chicago

NBC Chicago

Күн бұрын

Large property tax increases are taking tenants and homeowners alike by surprise, causing rent increases in some locations, NBC Chicago’s Lexi Sutter reports.

Пікірлер: 745
@goldgeologist5320
@goldgeologist5320 Жыл бұрын
It is time to cut public officials salary, benefits, pensions. This is insane.
@elishiamalone475
@elishiamalone475 Жыл бұрын
Amen , because they seem to be over paid..
@thankswillie
@thankswillie Жыл бұрын
@@elishiamalone475 over paid and under worked...do nothing people...lol
@forgottenman8629
@forgottenman8629 Жыл бұрын
indeed, and start with PERS recipients since that's a significant chunk of taxes and will show that the 'government class' does 'not' trump the public; government, class by and large, are democratic voters and it is that party whose primarily behind 'taking' retirees rental income away -- rental income has been historically the 'working man's' form of retirement income, now 2 can play at this game...
@ajax7ox729
@ajax7ox729 11 ай бұрын
Time to get a job
@danielfiore8865
@danielfiore8865 Жыл бұрын
And when the market plummets...i guarantee the property will not be reassessed with a lower bill. You never truly own property when you have a corrupt government.
@strongmermaid4651
@strongmermaid4651 Жыл бұрын
Someone has to pay for the free stuff for the illegals and some communities
@TheJsholladay
@TheJsholladay Жыл бұрын
Hey man, Zelensky needs his pool parties.
@beverlythompson7046
@beverlythompson7046 Жыл бұрын
Same thing I was thinking. Free for the illegals arm and leg for the hard workers. With rent t hat high illegals will get section 8 . Part of their rent is taxpayers burden also. So unfair. Needvto have March on Washington.
@langhamp8912
@langhamp8912 Жыл бұрын
The vast majority of suburban taxes goes into water, sewage, electricity, and roads. And property taxes only cover about half of that; the other half is sales taxes and municipal bonds. Now migrants might depress YOUR wages because they'll work harder for cheaper (which to me seems the free market at work), but they sure aren't getting a lot of free stuff. The real criminal in this is that urban services at suburban density is expensive, and Americans are increasingly realizing they can't afford it.
@eyeofapophis888
@eyeofapophis888 Жыл бұрын
@@langhamp8912 You are mistaken. Every illegal immigrant that goes through the Border Patrol processing centers is given a free phone with 12 months free, a $1200 debt card (that can be reloaded by the US Govt, free shoes and clothing from NGOs (paid by US govt) , and a free plane ticket or bus ticket anywhere in the US. When they get to their sanctuary cities, they are housed and fed at the expense of the local state and federal govts. All taxpayer funded
@benjohnson7950
@benjohnson7950 Жыл бұрын
Exactly! Illegal immigrants have no idea what this reporter is talking about; migrants strongly disagree.
@johnknox5692
@johnknox5692 Жыл бұрын
55% tax increase on property is insanity, how is that even legal, massive corruption in the accting dept
@curtisc6768
@curtisc6768 Жыл бұрын
VOTE BLUE OWN IT!
@forgottenman8629
@forgottenman8629 Жыл бұрын
PERS recipients needed an inflationary boost...
@straightup7up
@straightup7up Жыл бұрын
Increasing homeowner's property tax based on unrealized gains in property value is the biggest scam - NY does the same.
@unknownsender6852
@unknownsender6852 Жыл бұрын
💯💯💯
@angelaburcher7570
@angelaburcher7570 Жыл бұрын
Did you see that Trump has a new tower in Chicago? Probably has nothing to do with it though 🤔 looks like it cost a shiny nickel and penny
@zoomzoom3950
@zoomzoom3950 Жыл бұрын
@@angelaburcher7570 yep, stay focused on Trump while the demoncrats make your life worse every day! good obedient NPC serf.
@KB-kp2oz
@KB-kp2oz Жыл бұрын
They're treating people's homes like tradeable assets.
@tomhenry897
@tomhenry897 Жыл бұрын
So does Iowa
@kimreese8166
@kimreese8166 Жыл бұрын
How disgusting. This is EVERYWHERE....
@Thunderbyrd.
@Thunderbyrd. Жыл бұрын
Biden's America, highest inflation rates in 40 years!
@guesswhosback3803
@guesswhosback3803 Жыл бұрын
💯
@SethHall-j5u
@SethHall-j5u Жыл бұрын
But mostly democratic cities and states. For high government salaries and corruption. You are going to have to pay for the illegals Biden is letting in.
@justaguy2365
@justaguy2365 Жыл бұрын
Everywhere capitalism exists.
@zoomzoom3950
@zoomzoom3950 Жыл бұрын
not everywhere, just in blue demoncrat totalitarian dystopian cesspools run by corrupt, self-serving, malfeasant and incompetent ruling parasites. Life is good in civilized areas that have Constitutional rights and freedom.
@donmaclean5443
@donmaclean5443 Жыл бұрын
SOMEBODY has to pay for all the ILLEGAL MIGRANTS!!!
@Kingsley7930
@Kingsley7930 Жыл бұрын
🎯
@tonyherdina9142
@tonyherdina9142 Жыл бұрын
Yep
@eyeofapophis888
@eyeofapophis888 Жыл бұрын
So their response was: “Why are you complaining? we gouged everyone else in your neighborhood equally”
@donnastokes-manning6175
@donnastokes-manning6175 Жыл бұрын
How ELSE can they take away property from rightful owners. Raise the taxes until it’s no longer feasible to own property to rent. That way the thieves like Blackrock or Vanguard or one of their subsidiaries can snap up even more property.
@cottoncandyclouds1453
@cottoncandyclouds1453 Жыл бұрын
THIS!!!! I was waiting for this comment. Too add on, don't forget the landowners as well. The ones are being flooded out of their homes. Spontaneous fires everywhere. From my perspective; You are either going to be evicted. Because your job, doesn't match the economy Burned (unless your house is painted blue) or flooded out of our home. Because your job, does match the economy. This planet is being Terra-Formed.
@Nothing-fp7jg
@Nothing-fp7jg Жыл бұрын
Yep, need more resources for the ASG cartel.
@joet7136
@joet7136 Жыл бұрын
Gotta find some way to pay those nice 6-figure pensions for all the retired/retiring public employees.
@stoopidpeoplephuck2much5586
@stoopidpeoplephuck2much5586 Жыл бұрын
No, its more like you gotta pay for Democrats social programs and welfare for illegals.
@DaveAnderson-ic6oo
@DaveAnderson-ic6oo Жыл бұрын
No whining. Try getting a job.
@stoopidpeoplephuck2much5586
@stoopidpeoplephuck2much5586 Жыл бұрын
@@DaveAnderson-ic6oo try not voting left
@mikebelnap3079
@mikebelnap3079 Жыл бұрын
Make sure and thank them for their service
@pennylane8318
@pennylane8318 Жыл бұрын
They need to fund the new migrants.
@JonDoe-t4w
@JonDoe-t4w Жыл бұрын
Someone has to pay for the illegals.
@MiloMilo-z7t
@MiloMilo-z7t Жыл бұрын
That's not why
@demophys4883
@demophys4883 Жыл бұрын
wow, all the bigots came tumbling out for this one, didn't they?
@modestkimm
@modestkimm Жыл бұрын
Do you know what a bigot is??? Clearly not
@francismarion6400
@francismarion6400 Жыл бұрын
​@@demophys4883Someone who doesn't support crime is a bigot now?
@mylifeintexas
@mylifeintexas Жыл бұрын
Corporations are paying these increases in property taxes and insurance premiums also, that has nothing to do with this story. The bottom line, even though you rent, you are paying property taxes and insurance too. So when you vote to stick it to the man by voting to increase property taxes, you are digging your own grave.
@AirConditioned
@AirConditioned Жыл бұрын
Not all of them. Some of them are exempt on hundreds of acres.
@mylifeintexas
@mylifeintexas Жыл бұрын
@@AirConditioned Are you referring to farmland? Then that’s a totally different subject. For housing, there is no exemptions. WallStreet doesn’t own every single rental property, a lot of small time mom and pop landlords too, lots of minorities as well. No one is exempt from property taxes or insurance. If there was any exemptions, it would be all over the news.
@AirConditioned
@AirConditioned Жыл бұрын
@@mylifeintexas Of course there are exemptions. Homestead exemptions. religious exemptions. And a thousand acre farm is not a "different subject." It's property taxes.
@mylifeintexas
@mylifeintexas Жыл бұрын
@@AirConditioned No homestead exemption for investment properties anywhere that I’m aware of. I’ve never heard of a religious exemption except for a church or a place of worship, and again, farmland is exempt if the conditions are met but that doesn’t have anything to do with housing. Believe me, I run about 30 homes, I don’t get any exemptions or anything. People vote to increase property taxes and think they are immune to those effects. They are not. It’s a business, I need to make enough to cover costs for repairs and other unforeseen expenses. I replaced 9 AC units this summer. At about $7,000 each, that’s $63,000. These homes carry a mortgage which I have as low as 4% and 3%. Roofs are not free either. If my taxes could reduce 55%, it would save my tenants about $150 a month. If my insurance would reduce back to the levels they were in 2016, last house I bought, would save my tenant’s another $200 a month each.
@francismarion6400
@francismarion6400 Жыл бұрын
​@interplanetarycop farmland? it's not exempt, ag land has always had a superlow mil rate.
@bcatblues725
@bcatblues725 Жыл бұрын
1900 ish for a two bedroom? California it cost at least 1900 for a studio. 🤷🏼‍♀️That you can’t find anywhere. These are hard times for all of us. It sucks.
@Littlekitten_
@Littlekitten_ Жыл бұрын
It will only go downhill from here 😢❤
@bcatblues725
@bcatblues725 Жыл бұрын
@@Littlekitten_ I know.. It really sucks
@greggreg2263
@greggreg2263 Жыл бұрын
Just another slap in the face for people and their wallet😢
@Betsy.Ross76
@Betsy.Ross76 Жыл бұрын
By garba g e democrat policies. You get what you voted for.
@zikemdg
@zikemdg Жыл бұрын
And then they want to arrest you if you pitch a tent.
@Betsy.Ross76
@Betsy.Ross76 Жыл бұрын
Move to portland if you want to pitch a tent. You get what you voted for.
@elizabethszwed7851
@elizabethszwed7851 Жыл бұрын
You won't get arrested if your an illegal
@prophetseven728
@prophetseven728 Жыл бұрын
I was told I could not put a tent on my own property. They said cops would come to arrest me. I put up a bunch of No Tresspassing signs. Told them cops are on noticed to be illgally tresspassed on my own property. Women in government say. What Ever. Just leave us Americans alone. The reason I was going to sleep in my tent was I was remodeling the whole house.
@modestkimm
@modestkimm Жыл бұрын
Yet building a winterized tent home for non-citizens
@KB-kp2oz
@KB-kp2oz Жыл бұрын
​@@Betsy.Ross76I can picture you shaking your head back and forth with your eyes boggling everywhere while you circle candidates to vote for. Matter of fact , that's how I picture anyone who actually thinks voting matters. Lol. Clowns.
@racingwithnogas
@racingwithnogas Жыл бұрын
But you saved a bunch of money by not putting it into policing... remember. Remember?
@Betsy.Ross76
@Betsy.Ross76 Жыл бұрын
😂😂😂👏👏👏 💯 You NAILED it.
@schan9547
@schan9547 Жыл бұрын
Have you ever seen a tax bill? Where do you think these high taxes are being funneled into?
@francismarion6400
@francismarion6400 Жыл бұрын
​@@schan9547Schools
@Chris-lf9dl
@Chris-lf9dl Жыл бұрын
All done by design. Some people in Chicago appealed their taxes and they saw a only very small fraction decrease. Then they appealed again for the 2 nd time and no further decrease was given to them. Those property taxes were doubled from a prior year
@JohnnyUtah-71
@JohnnyUtah-71 Жыл бұрын
I use DIY property tax appeals. If they can't get your taxes decreased they won't charge you until they do and it's only like $150/year.
@tvviewer4500
@tvviewer4500 Жыл бұрын
You voted for it. And you can appeal each year if the assessor or the board of review doesn’t return a decision to your liking.
@onceagain6184
@onceagain6184 Жыл бұрын
They need money to pay for all those migrants!
@jameylane1591
@jameylane1591 Жыл бұрын
💯💯💯💯
@terebrate
@terebrate Жыл бұрын
aka illegals
@phallondavenport470
@phallondavenport470 Жыл бұрын
Exactly!!! They took 51 million dollars from the city budget, so they will find a way to get their money back.
@MiloMilo-z7t
@MiloMilo-z7t Жыл бұрын
Nothing to do with migrants
@jameylane1591
@jameylane1591 Жыл бұрын
@@MiloMilo-z7t HAHAHAHAHAHAHAHA!!!! Right. It has to do with ILLEGALS.
@peterrichards931
@peterrichards931 Жыл бұрын
More to come, folks...brace yourselves..
@TL-wy1nk
@TL-wy1nk Жыл бұрын
It is a money grab by towns and cities. I would guess rents to go up 25 % due to all the other things going up like insurance, utilities, and repairs.
@langhamp8912
@langhamp8912 Жыл бұрын
It's a suburban area, which means city infrastructure is spread out among fewer people. If you want urban city service with suburban density, then it means you gotta pay a lot more. And suburban infrastructure is shockingly expensive; Urban3 estimates it around $6500 per household per year nationwide. That's not as terrible as it sounds, as the difference is met via sales taxes and municipal bonds, but it's still shockingly expensive. There's a reason cities, even poor broken down ones, are such economic powerhouses; their tax revenue isn't spent entirely on urban infrastructure services.
@DaveAnderson-ic6oo
@DaveAnderson-ic6oo Жыл бұрын
Yeah taxes are a money grab. Grow up. 😂
@francismarion6400
@francismarion6400 Жыл бұрын
how much are taxes to live inside a 15min city? That is where this is all going.
@langhamp8912
@langhamp8912 Жыл бұрын
@@francismarion6400 It's so much more financially sensible to drive a vehicle to get anywhere. Especially nowdays, with new and used vehicles so cheap!
@francismarion6400
@francismarion6400 Жыл бұрын
@langhamp8912 The Federal taxes aren't distributed and collected evenly.
@BeverlyTalley
@BeverlyTalley Жыл бұрын
The people who cant get mortgages are paying for the people who can, our society is backwards. Most times it amazes me greatly how I moved from an average lifestyle to earning over $63k per month, Utter shock is the word. I have understood a lot in the past few years that there are lots of opportunities in the financial market. The only thing is to know where to invest…
@Florencecoxx
@Florencecoxx Жыл бұрын
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or bitcoin and stocks.
@izagdlife
@izagdlife Жыл бұрын
I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more
@BeverlyTalley
@BeverlyTalley Жыл бұрын
@@izagdlife That won't bother you if you trade with a professional like *Sarah Alma Martinez* my consultant. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. I basically follow her trade pattern and haven’t regretted doing so.
@izagdlife
@izagdlife Жыл бұрын
@@BeverlyTalley You allow people to trade for you? that's interesting, I would love to learn, hope it’s safe..?
@thamad311
@thamad311 Жыл бұрын
@debbie765 This is the Fourth time I'm seeing someone talking about Sarah Alma as there are lot of testimonies about her, do you know her ? if yes , did you invest with her.?
@kleptocharlie
@kleptocharlie Жыл бұрын
Thanks Democrats. You guys are great Americans, truly caring ppl.
@jameylane1591
@jameylane1591 Жыл бұрын
Now we know how they're going to finance the illegals arriving.
@will7its
@will7its Жыл бұрын
Yes, making it harder for the poor, and everyone else. but they wont understand what you or I are saying.
@donatello4041
@donatello4041 Жыл бұрын
If only all politicians became republican, what a wonderful world. Or are their any other parties?
@DavidLouisLouis-qh9ni
@DavidLouisLouis-qh9ni Жыл бұрын
Someone has to pay for the five million immigrants headed to Chicagoland 💲💲💲💲
@andyandreson3989
@andyandreson3989 Жыл бұрын
@@donatello4041the GOOP is all talk and no action. Uniparty is all there is.
@TruthFiction
@TruthFiction Жыл бұрын
This is why I bought a home where the property tax was based on the last sale price of the property and won't go up until it's sold again.
@tincuptimmetaldetecting9259
@tincuptimmetaldetecting9259 Жыл бұрын
😂😂😂 your votes count. Think before you cast it ....
@taylor.g.deloye
@taylor.g.deloye Жыл бұрын
Less residents in IL = more taxes for the remaining residents. IL is usually in the top 3 states for losing residents annually.
@dboogeman2002
@dboogeman2002 Жыл бұрын
Rent cost as much as I make per month
@benjohnson7950
@benjohnson7950 Жыл бұрын
That sucks! I know someone living out of his car to avoid rent. He has a 24-hour gym membership to take showers. He's a security guard and saves about 60% of his monthly income.
@dboogeman2002
@dboogeman2002 Жыл бұрын
@@benjohnson7950 That's very smart. I unfortunately have a wife that can't work due to a disability but she only gets $650 a month and we have 2 kids. It's crazy out here
@Pilikoa
@Pilikoa Жыл бұрын
The only thing you can appeal is the value of your property. It’s unfortunate. It’s up to your officials to ease the burden on residents. That’s steep. Good luck.
@valyrian1124
@valyrian1124 Жыл бұрын
Remeber the people of Chiraq voted for this. Let's all celebrate the Eutopia they wanted/got.
@concealedincookco5203
@concealedincookco5203 Жыл бұрын
That’s what happens when you let them stuff elections 🤷🏻‍♂️
@goconnor5460
@goconnor5460 Жыл бұрын
IL is the worst for property taxes and the schools are still mostly sh!t
@Garland-nx4yz
@Garland-nx4yz Жыл бұрын
Those taxes are needed for the illegal immigrants
@DaveAnderson-ic6oo
@DaveAnderson-ic6oo Жыл бұрын
And for your family who are no better than them. Move to Europe if you don’t want to pay taxes.
@justaguy2365
@justaguy2365 Жыл бұрын
Echo, echo, echo
@Garland-nx4yz
@Garland-nx4yz Жыл бұрын
@@DaveAnderson-ic6oo no my family are not low IQ welfare dependent illegal immigrants killing the United States maybe you should house a dozen fat lazy welfare dependent illegal immigrants in your home lol
@davidmoore3479
@davidmoore3479 Жыл бұрын
@@DaveAnderson-ic6oo Actually if they're born here then they are better. and sorry Americans pay taxes for America, and it's infrastructure not other nations and illegal people who don't deserve citizenship.
@francismarion6400
@francismarion6400 Жыл бұрын
​@@DaveAnderson-ic6ooHe didn't destroy his country.
@knine8154
@knine8154 Жыл бұрын
When you install individuals that are perfectly happy with driving you into poverty 😂 Vote blue no matter who.
@johanvangelderen6715
@johanvangelderen6715 Жыл бұрын
Voting Blue caused this mess in the first place !!!
@KB-kp2oz
@KB-kp2oz Жыл бұрын
People who vote Republican vote red no matter what too. Yet you don't see the problem. Lol
@dhowto3005
@dhowto3005 Жыл бұрын
The assessors office only needs to raise property taxes to cover county's budget. If the country's budget has not increased 55%, then there's no reason for the property owners property taxes to have to increase 55%. The country can't take money from property owners like this for no reason. The country needs to control their budget and keep property taxes stable. There should be a percentage limit on how much residential property taxes can increase year to year.
@ryanbarker5217
@ryanbarker5217 Жыл бұрын
if it wasn't the government doing it, it would be illegal.
@yummm8775
@yummm8775 Жыл бұрын
Where have you been? They need to house and feed all the illegal aliens and that cost millions. More tax increases are coming since more illegals are coming. You can thank your local Democrat for this or send a thank you note to Biden for his hospitality.
@MikesgeneralRepaird
@MikesgeneralRepaird Жыл бұрын
Yeau but whatcha gonna do
@JT_70
@JT_70 Жыл бұрын
Property taxes are based on the value of the property. Property values have been increasing in most areas of the country and the county/city taxing authorities are reassessing the property values and getting increased property tax income. In some smaller communities they don’t reassess property values annually in order to keep from increasing the burden of property taxes on the property owners, not all of whom can afford the higher taxes.
@ryanbarker5217
@ryanbarker5217 Жыл бұрын
@@JT_70 it's absurd to think values have appreciated 55% since the last assessment, though. this is also why there's a system in place to dispute the increase, because the assessors are wrong so often. you might as well ask zillow, which no one respects as a real value.
@peacefulprotester3274
@peacefulprotester3274 Жыл бұрын
Good, we need to raise money for those new migrants. Don’t complain.
@JohnSmith-ux3tt
@JohnSmith-ux3tt Жыл бұрын
Voting has consequences? Who knew?
@peacefulprotester3274
@peacefulprotester3274 Жыл бұрын
@@JohnSmith-ux3ttyep, I spent all of 2019 and most of 2020 telling people not to vote for Joe Biden and they laughed at me. Well, who’s laughing now. Not me and definitely not them.
@gracevicki3983
@gracevicki3983 Жыл бұрын
You voted for all of this!
@jmcnally647
@jmcnally647 Жыл бұрын
Can't afford to rent, Can't afford to buy.
@alanlyons1195
@alanlyons1195 Жыл бұрын
Cross the boarder illegally, and its all free!
@Myers70
@Myers70 Жыл бұрын
Welcome to Brandon's America
@Thunderbyrd.
@Thunderbyrd. Жыл бұрын
It's because your tax money is being used to transport, house, feed illegal immigrants.
@pops99
@pops99 Жыл бұрын
Voters in Chicago voted these bozos in and deserve what they get, don’t come crying now…
@benjohnson7950
@benjohnson7950 Жыл бұрын
Exactly! I'm so tired of their own mistakes that they always blame others for.
@kilduce4423
@kilduce4423 Жыл бұрын
Voters in Chicago didn’t vote for the bozos in Plainfield and westmont 😂😂😂
@arthurtomczak8474
@arthurtomczak8474 Жыл бұрын
Uhaul is the answer .
@teamamerica5987
@teamamerica5987 Жыл бұрын
😂😂😂
@prophetseven728
@prophetseven728 Жыл бұрын
You going to have to live somewhere.
@JPAGH
@JPAGH Жыл бұрын
Look what's happening in NYC. Money doesn't grow on trees. Chicago, as Sanctuary City isn't the exception. The NYC cuts expenses in vulnerable places to get billions for Asylum Seekers The cost of housing migrants in NYC is so extraordinary - an estimated $12 billion - that Mayor Adams says he must cut city services to afford it. To manage those expenses, Adams says the city is planning to trim services such as library hours, meals for senior citizens, re-entry programming for Rikers Island prisoners, and free, full-day care for three-year-olds.
@hans5130
@hans5130 Жыл бұрын
Even if you’re property is paid for those taxes are like paying rent. Add that up after a few decades
@tebowers05
@tebowers05 Жыл бұрын
This is in every state. Property tax going up all around.
@SethHall-j5u
@SethHall-j5u Жыл бұрын
More so in democratic cities and states.
@justaguy2365
@justaguy2365 Жыл бұрын
@@SethHall-j5u Citation
@timehaley
@timehaley Жыл бұрын
Over a 50% increase in one year to the next? That's criminal.
@eligreg99
@eligreg99 Жыл бұрын
How about we all stop paying taxes collectively. They can throw the entire country in prison. I’m tired of this
@KB-kp2oz
@KB-kp2oz Жыл бұрын
There are too many sheep for that to occur.
@XANSEM
@XANSEM Жыл бұрын
They’ll just garnish your income
@sandybeach3576
@sandybeach3576 Жыл бұрын
This is the cause of high rents not landlord greed.
@mr.woowoo8826
@mr.woowoo8826 Жыл бұрын
This is a result of voting for leadership that keeps raising taxes.
@jacobnapkins1155
@jacobnapkins1155 Жыл бұрын
Nah it's greedy landlords cpi report proves that
@phallondavenport470
@phallondavenport470 Жыл бұрын
Exactly!!! It's not the landlords it's the city of Chicago. Just remember a few months ago the city took out $51 million dollars from the budget for free housings, free meals free healthcare for illegal immigrants and they have to find a way to get their money and that's where tax payers comes in at!!!
@wildmouse5888
@wildmouse5888 Жыл бұрын
It is one cause. Another cause is that the landlords have to make up for the money they lost on Covid deadbeats; and that is going to take years.
@judymckee5992
@judymckee5992 Жыл бұрын
Rising cost of interest rate, property tax and insurance, is that so difficult to figure out! Why aren't the govt reducing the property tax and rate? Why are they allowing fed to print more monies causing inflation.
@c.rutherford
@c.rutherford Жыл бұрын
As an Illinois homeowner I think the real story is relentless tax increases. Mine have doubled and risen again in one year. My brother has a condo in Chicago and his property taxes tripled. Its no wonder rents are going up. These places have no choice. You put rent controls on these rentals on top of that you will break them and end up with San Francisco, tents and crime everywhere. Just watch.
@normansmith1459
@normansmith1459 Жыл бұрын
Thank God for rural KY, acre and a half with two homes costs me 200 a year in taxes
@Wildhorse66
@Wildhorse66 Жыл бұрын
Pritzker and Johnson are great aren't they 😊
@rnettles6241
@rnettles6241 Жыл бұрын
They're very good at fleecing the sheep!
@sueallen3204
@sueallen3204 Жыл бұрын
Wow Bidenomics is working😅 my car insurance went up $60 cuz the state tax.
@lizzieb6311
@lizzieb6311 Жыл бұрын
Bidenomics…Bidinflation…BidINVASION….he’s winning at his plan to DESTROY AMERICA
@krnpowr
@krnpowr Жыл бұрын
And what does Biden have to do with local property taxes? You'll probably wake up with an upset stomach tomorrow and blame it on Biden. Your derangement syndrome out of hand.
@teamamerica5987
@teamamerica5987 Жыл бұрын
As Joe Biden would say.. He day eat fish, man , lifetime fish. And you know........the thing Cmon Man!
@Wesley-rn7oc
@Wesley-rn7oc Жыл бұрын
STATE tax you say? what does Biden have to do with your STATE tax?
@lizzieb6311
@lizzieb6311 Жыл бұрын
@@Wesley-rn7oc well, Biden has taken a SLEDGEHAMMER to America and the financial lives of Americans and you want to split hairs over what State and what The Commie dictates?
@cgsek
@cgsek Жыл бұрын
Same in Florida, our property taxes are going up 40% this year. Totally ridiculous. WMF, you will own nothing and be happy, hmmmm.
@joeblow1937
@joeblow1937 Жыл бұрын
Liar
@wondereagle
@wondereagle Жыл бұрын
That’s a huge amount.
@BleedBNG
@BleedBNG Жыл бұрын
Who would want to pay that much and still be stuck near Chicago?
@anthonyburrell8524
@anthonyburrell8524 Жыл бұрын
You are going to have so much more homeless people coming in the new year what a shame, now we all know where the increase is coming from, towns & cities greed
@Leo-z1v
@Leo-z1v Жыл бұрын
That’s a mafia style hustle wide open robbery
@wildmouse5888
@wildmouse5888 Жыл бұрын
If you will notice, government took over most of the Mob's "businesses". The Mafia actually took a smaller cut!
@CHEHOV44
@CHEHOV44 Жыл бұрын
Its time to claim your tent in Humboldt park
@zanewoodward4822
@zanewoodward4822 Жыл бұрын
It's call robbery !
@gbr56473
@gbr56473 Жыл бұрын
Thank you Democrats for unaffordable home prices and more homelessness! Wonder what’s the cause? High crime rates means only a few neighborhoods are habitable
@justaguy2365
@justaguy2365 Жыл бұрын
Capitalism is the cause. No matter who you vote for, you're gonna get the same system lol.
@elijahbey3366
@elijahbey3366 Жыл бұрын
It's all part of the plan.
@10forthebigguy753
@10forthebigguy753 Жыл бұрын
A Florida mortgage cost less than Chicago property tax.
@gregvisioninfosoft
@gregvisioninfosoft Жыл бұрын
Why would a property tax change at all, unless they did significant remodel or property changes? There is no legal ability for them to re-assess unless such changes took place.
@KB-kp2oz
@KB-kp2oz Жыл бұрын
Corruption.
@francismarion6400
@francismarion6400 Жыл бұрын
they can come in and count your pieces of silverware if they want to.
@tcwhite0104
@tcwhite0104 Жыл бұрын
All games to put money in their pockets. Just because a property near you sold for much more than yours is worth doesn't reflect that your property is worth the same.
@Myers70
@Myers70 Жыл бұрын
Welcome to Brandon's America Welcome to BIDENFLATION
@johnribail7426
@johnribail7426 Жыл бұрын
Thank the democrats and the 81 million voters! LET'S GO BRANDON!
@DaveAnderson-ic6oo
@DaveAnderson-ic6oo Жыл бұрын
Thank Trump the rapist. You can write to him in prison soon. Let’s go Trump!!! 😮
@JoseMontemayor-p5j
@JoseMontemayor-p5j Жыл бұрын
Chicano Illinois, How much in Pesos??
@rnettles6241
@rnettles6241 Жыл бұрын
Taxpayers are nothing but a big pinata. When the Democrats smack it hard enough, more money spills out.
@michaelkendall662
@michaelkendall662 Жыл бұрын
he is not taking hardly any of the burden....$100/month x 4 x 12 = $4800.......means each of his four tenants that he says he "feels for" is paying nearly twice the burden he is
@spazzman90
@spazzman90 Жыл бұрын
As he mentioned, it's certainly not only the property taxes that have gone up. Insurance and any maintenance fees are up substantially as well.
@prophetseven728
@prophetseven728 Жыл бұрын
He still paying the bulk of the property tax. That just extra on top of all the property tax. Taxed on something he already bought years ago too! And it many things that gone up with that. Permits, upkeep, insurance etc.. All thing that have to be paid for. It not Free.
@futtbucker96
@futtbucker96 Жыл бұрын
Assuming they're 2 bedroom apartments averaging $2k/month (plus the extra $100) that would be roughly $100.8k/year those families (combined) are paying compared to his $59.2k. But it's still the government's fault for raising taxes. He used to be taxed 103k. So that means before he charged his tenants the extra $100, he was only paying about 7k in taxes (while rent covered the other 96k). Taxes in this country are getting out of control and it's always the poor and the middle class who suffer.
@michaelkendall662
@michaelkendall662 Жыл бұрын
@@prophetseven728 keep telling yourself that...the BULK in other words almost ALL of the property taxes were already included in the existing rental cost that he just jacked up even more so he did not have to feel as much pain as his tenants
@giftedone831
@giftedone831 Жыл бұрын
​@futtbucker96 Your math is fuzzy. The property cash flow is $100,800 but you don't have a complete picture of what the other expenses are for the building. Tax assessments in Cook/Will Counties are semiannual so 30-35k/6 months against 50k in rents doesn't seem to leave anyone with much breathing room.
@cherylkey1246
@cherylkey1246 Жыл бұрын
Its happening everywhere ! Here in tx we got our property tax shock in june !!!
@CompaGuitarra
@CompaGuitarra 7 ай бұрын
How much did it go up? Is it even worth buying a house? Sounds super expensive with property taxes constantly going up.
@futtbucker96
@futtbucker96 Жыл бұрын
So last year renters had it $1200 dollars easier while landlords had it $53,000 easier. This is the world we live in. Clap yourselves on the back for a job well done. Keep voting for the same people. Great job!
@allan8816
@allan8816 Жыл бұрын
The assessor: Hey property prices have been going up, gonna have to assess your house to match. Realtor: Hey property assessment has been going up, should match the sale to trend. At what point is the price too ridiculous?
@rockystelone21
@rockystelone21 Жыл бұрын
Well someone has to flip the bill to pay for the illegal aliens.
@alanlyons1195
@alanlyons1195 Жыл бұрын
Illegal immigrant housing and schooling is not free. Lets welcome them all, by accepting these slight increases, and move forward.
@MiloMilo-z7t
@MiloMilo-z7t Жыл бұрын
It is what it is
@robertlehouillier5497
@robertlehouillier5497 Жыл бұрын
Begin dropping civil service compensation until things balance out. Misappropriation of taxpayers money needs to stop now.
@RichGallagher-jo7uq
@RichGallagher-jo7uq Жыл бұрын
Sales tax is next.
@dorispowers9060
@dorispowers9060 Жыл бұрын
It's happening all over the country. My son has a rental house the taxes has doubled in the last 8 yrs.
@WatchCrew578
@WatchCrew578 Жыл бұрын
TEXAS KEEP SENDING SQUATTERS HERE, LOLOLOLOLOL
@Lazy2332
@Lazy2332 Жыл бұрын
Woah! Arlington heights, Aurora, and Westmont are cheaper than ANYWHERE in FL! Looks like I'm moving!
@hotmess9640
@hotmess9640 Жыл бұрын
It’s to pay for the 30 million/a month to pay for asylum seekers
@fox9577
@fox9577 Жыл бұрын
Someone has to pay for the five million immigrants
@ruthc8407
@ruthc8407 Жыл бұрын
And 5 million illegals is just what the U.S. gets in NINE MONTHS.
@dragonf1092
@dragonf1092 Жыл бұрын
Dump them in Alaska or the north pole.
@bc170
@bc170 Жыл бұрын
Remember your minimum wages went up 50%? You can definitely pay for it.
@smartanajones4u
@smartanajones4u Жыл бұрын
As a landlord I’m soooo sooo glad they are finally showing it from our point of view
@KB-kp2oz
@KB-kp2oz Жыл бұрын
But are you fighting it? Or are you just going with the flow and keep increasing rent? Because one makes you a good person, the other shows you don't give two sh$ts. I can only assume based off your comment that you aren't fighting for your tenants. You just wanted people to see from your point of view, which doesn't make you look better.
@joefranks4235
@joefranks4235 Жыл бұрын
Yea, and when I contact my landlord to fix something or replace an item in the apartment you take forever to replace/repair it. Don't hand me that baloney.
@michaelburke3552
@michaelburke3552 Жыл бұрын
You guys voted for this!
@prophetseven728
@prophetseven728 Жыл бұрын
Voter Fraud!
@justaguy2365
@justaguy2365 Жыл бұрын
Voted for capitalism? Everyone who takes part in American election are to blame if that's your logic. No matter who's in office, the system of letting people charge whatever they want will remain.
@tomboy5212
@tomboy5212 Жыл бұрын
We are all screwed under Obiden!!!
@jeretso
@jeretso Жыл бұрын
55% property tax increase leads to a $100 increase in rent. Hiring an attorney also cost thousands of dollars. Where does the money go?
@prophetseven728
@prophetseven728 Жыл бұрын
To Ukraine
@asiam1528
@asiam1528 Жыл бұрын
Florida is even worse one bedroom at least 2000
@danthompson6067
@danthompson6067 Жыл бұрын
This story is missing an important fact. While the value the property went up by 55%, this does not translate into a 55% increase in the property tax paid. The amount paid is what is relevant to this issue.
@giftedone831
@giftedone831 Жыл бұрын
I just had to explain this to another troll..lol
@MS-st1zb
@MS-st1zb Жыл бұрын
Sanctuary cities are not cheap, a lot of takers no makers, you have to make up for your new neighbors.
@chrisv.4071
@chrisv.4071 Жыл бұрын
This adminstration or should i say admonsteration doesnt want americans to own anything!!!!!!!thats why this is happening !!!
@PRHILL9696
@PRHILL9696 Жыл бұрын
LOL again they keep crying about things THEY voted for!
@prophetseven728
@prophetseven728 Жыл бұрын
Voter Fraud!
@futtbucker96
@futtbucker96 Жыл бұрын
I agree. To be fair, though. IL is the worst gerrymandered state in the union. Democrats have a stronghold here. I know a lot of non-Democrats who have jobs and families who can't leave. A lot of us didn't vote for this, but unfortunate enough to be trapped in the meantime.
@prophetseven728
@prophetseven728 Жыл бұрын
@@futtbucker96 L.A. California too. You talk to us people live here. And 90% are Anti-Dem. Yet, they keep winning. Which no one can figure out. Untill Trump proved that there is indeed voter fraud. And the government gets away with it. Scary Times.
@jeromeburdine966
@jeromeburdine966 Жыл бұрын
Why are we just taking this laying on our backs? Just because the media doesn't tell us we should be enraged doesn't mean we shouldn't!!! Inflation doesn't even exist!!! It's greed by the local/all politicians and developers!!!! What are they making these apartments with? Gold? In fact, the quality of materials and workmanship has gone WAY down!!!
@aw8079
@aw8079 Жыл бұрын
Landlords do not contribute anything to society. He passed to whole tax increase onto his tenants.
@dragonf1092
@dragonf1092 Жыл бұрын
Landlords are welfare parasites.
@dragonf1092
@dragonf1092 Жыл бұрын
They sit on their butts milking people for free money, getting free property off the tenants dime.
@DRventura333
@DRventura333 4 ай бұрын
NEWS STATIONS ACROSS the US, the county/cities need to be called out with fervor, as well as other municipalities on the egregious abuse by these localities for forcing the elderly to pay Real Estate/Property taxes on their only homes. Worse, some are being fleeced at 100 - 300% real estate over assessments increases in one year!!!. News investigations/stories must be done on this story with urgency as many homeowners, elderly and veterans across the US are losing their homes due to over assessments by their local counties. Everyone must write to their Governors, Senators, Representatives, county officials to stop this fleecing of the elderly.
@Alaskandragonfly7
@Alaskandragonfly7 Жыл бұрын
Ridiculous!!! It’s no wonder so many people can’t sell their homes, are having to find room mates. Young adults are still living at home because jobs are not paying double what everything is costing in double and triple prices.
@x-men69-96
@x-men69-96 Жыл бұрын
The government is the final landlord
@bigslong6361
@bigslong6361 Жыл бұрын
Yeap. They can bend you over sideways and raw dog you. Demolish your home. Fine you. Force you to pay for the demolish. F goverment.
@thebastardgift
@thebastardgift Жыл бұрын
Property owners and their renters really should not be shocked at this point when clearly the storm of increase property tax could be forecasted long before the bill arrived. Renters, nationwide, are not immune when the increase of property taxes will be pass on to them to pay.
@josephstupar3372
@josephstupar3372 Жыл бұрын
It’s crazy I am a very small land lord in rock county wi. And own one in madison, in the last two years I’ve had to more then 2500$ increase in the last two years on 3 properties.
@BZB33
@BZB33 Жыл бұрын
Wish these cities considered the fact that this is effectively a poor tax as the difference will always be absorbed by the renters. We at the bottom can't just give ourselves raises like property owners.
@DavidLouisLouis-qh9ni
@DavidLouisLouis-qh9ni Жыл бұрын
My sister converted her basement into a one room studio apartment , She lives in the Suburb Chicago ridge , Only $1700.oo a month, Property taxes are only 28.000 a year, What a horrible horrible place to be , ♦️♦️♦️‼️
@karmendimas5274
@karmendimas5274 Жыл бұрын
28$ or 28,000, i am assuming 28K, use a comma, NOT a period!
@DavidLouisLouis-qh9ni
@DavidLouisLouis-qh9ni Жыл бұрын
@@karmendimas5274 I'm not a perfect,. Yet, Yes I am guilty of a Typo , U get the drift of the Post,, affordable housing is completely unrealistic in the city of Chicago and the outlying suburbs , so people in the suburbs pay for the people in the city that don't pay , and of course the new mayor of Chicago just voted himself up 40% pay raise
@karmendimas5274
@karmendimas5274 Жыл бұрын
you dont have to be perfect, ;-) just proofread,,, lol@@DavidLouisLouis-qh9ni
@FoamandStuff
@FoamandStuff Жыл бұрын
Most of the tax burden is to pay for the unfunded pension liability. The problem is getting worse every year and at some point people are going to sell and leave the state. Increase taxes but we don’t get increased government services.
@ruanb1268
@ruanb1268 5 ай бұрын
Most il tax is to pay pension. As a former contractor for illinois it's not so much the essential state employees like emergency services. Illinois created chicago jobs for mostly ghetto minorities due to high unemployment rate. They hired less white people for jobs that often didn't require a degree or much skill and paid pretty well even as the private sector pay got weaker. The pension promises could have been avoided if they paid a little more but they had to pass that expense on to future residents. I was a temp in different departments that were behind in their work. THese people often didn't have to do much work and many were non essential roles and could have filled 2 or 3 positions with 1 better paid worker without pension. They did not fire people easily for being the wrong fit or incompetent.
@rd8370
@rd8370 Жыл бұрын
This wouldn’t have anything to do with illegals would it ?
@joshuaestes-oz1eu
@joshuaestes-oz1eu Жыл бұрын
ya get what ya vote for.
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