Report: Property Taxes Way Up In Many Suburbs

February 23, 2012 8:07 AM

(Credit: CBS)

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Heard on WBBM 780, Local, News

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SCHAUMBURG, Ill. (CBS) — Some suburbanites are feeling the pain of decreasing property values and increased taxes.

As WBBM Newsradio’s Keith Johnson reports, an analysis by the Daily Herald has revealed that since 2006, property taxes have soared more than 20 percent in several suburbs.

Of 83 municipalities in seven counties, all but one has seen an increase in property taxes over the five-year period, the Daily Herald reported.

Critics tell the newspaper the state of affairs is sad, because towns have not done enough to relieve tax burdens on their residents, who are already hamstrung by stagnating wages and a higher cost of living.

To fix the imbalance, critics tell the Daily Herald, towns should live within their means, cut or consolidate underperforming programs and services, eliminate redundant positions, and reduce personnel costs.

LISTEN: WBBM Newsradio’s Keith Johnson reports

Report: Property Taxes Way Up In Many Suburbs

Army Vet,VN

Keep voting Democratic then you will find yourself in the fields picking cotton,folks AMERICA was lost on November of 2008.

THEE Yard Ape

Well said, take a bow !!!!

Roberta Waker

Most of Will County has experienced the same problems and it is mostly run by the GOP. They spend our tax dollars like it’s water and there is no way to control them, except to fire all of them. Residents in some suburbs are so dumb they even gave Home Rule authority to their cities, giving them the right to tax them. No wonder our country’s in trouble.
juju

You get what you vote for.
Wolf

Property Taxes have been climbing in the double digits over the past 6 years and it can be seen in the massively bloated public sector operations and their millionaire pension plans…this is the root cause of the destruction of the US Economy and the disease has been spreading and growing for the last 60 years but it has reached epidemic levels…
http://www.thelegaltreatment.com/2012/02/23/increase-in-property-taxes-for-chicago-suburbs/ Increase in Property Taxes for Chicago Suburbs – The Legal Treatment

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Just the Average Joe

These towns and villages just spend the way they always have, very few public employees lost their jobs. The stimulus was just a way to keep the public employees on the payroll. My spouse and I are nearing retirement, after 34 years with a pharmaceutical company as highly compensated employee the retirement benefit is less than many public employee pensions.