Property Tax Caps, even possible?

An opinion piece reflecting how our property tax caps really aren’t caps, more like a 26 hole sieve.house on cash

These ever increasing bills are becoming hardships on many of the families throughout Illinois; in many communities, the monthly payment for property taxes are comparable to the homeowner’s mortgage payments.  It’s becoming difficult for those living on fixed incomes to be able to stay in their own homes. Putting statewide property tax caps would give homeowners the ability to turn down any requests for increases beyond inflation.

An article by Adam Andrzewski, Guest Columnist Daily Herald, June 19, 2015

Ever-escalating property tax bills are causing real pain for Illinois families. Last year, more than 10,000 DuPage County families were delinquent and faced a tax sale.

In downstate communities like Effingham, people are moving to “Shouses” — shed/houses — to avoid property taxes. In communities like Addison, Villa Park, and many areas of Cook County, a homeowner’s monthly property tax payment now rivals their mortgage payment.

Of course, Illinois is ranked second highest of the 50 states on property taxes.  More and more, we are renting our private homes and commercial properties from local units of government: school districts, junior college, municipalities, townships, park districts, libraries, etc.  Sure, it’s “private property,’ but you’re paying a tax bill that looks more and more like rent. How has this happened?

One factor is artificially inflated public employee salaries and pensions as shown in the data posted online at OpenTheBooks.com.

For example, many school district treasurers out-earn the state treasurer; park district managers are out-earning the state director of parks; 47 village managers make more than every governor of the 50 states.

Just in the last five years, the number of educators earning more than $100,000 has doubled to 17,000. By 2017, more than 10,000 educators will enjoy a taxpayer-guaranteed lifetime pension exceeding $100,000 per year……..follow the link for the rest of the article

Original Article:  http://www.dailyherald.com/article/20150619/discuss/150618952/