People getting taxed out of their homes
We just received our Kane County tax bill and while a friend who lives less than a mile away boasted her tax bill went down, ours went up another $504.20 this year. I find it unbelievable that we are hit with another increase of this size.
While the assessed value of our home went down another $4,439 this year, every single taxing district in our area had an increase which includes the (eight) pension funds we pay into and District 303 and their pension fund.
Out of the $504.20 increase we had $266.99 of this increase went to D303. And, well over half of our full property tax bill goes to D303.
We are paying three times the property tax we paid in California. Their schools were fairly shabby compared to the ones we have and we didn't have all the luxuries our school district does here, but the education my children received was a very good one.
In the 12 years we have lived here our taxes have increased an average of $500 to $800 a year. Most taxpayers cannot afford the yearly increases in the pension plans, the village, park district, library, cemetery, township, forest preserve, fire district, college , etc. year after year.
These districts needs to learn to budget and live within the economy. How deep do they think our pockets are? I am watching home after home in our subdivision go on the market and it is no wonder why. Taxing districts are taxing people right out of their homes. Residents are moving out of their areas and this state because of the taxes and the way our state is run. It is truly a shame.