Thursday, December 24, 2015
High property taxes are destroying RICo, Illinois
CAROL BAY of Port Byron made these complaints about property taxes in this December 24 letter in the Quad-City Times AND December 29 Dispatch/Argus. ..... marks paragraph breaks. "This year the property tax on my home was $4,48028. Apparently that is not enough. Rock Island County raised property taxes 16.8 percent plus another increase for the Forest Preserve District. Riverdale Schools are raising my property tax 4.5 percent and the village of Port Byron 4.9 percent. Black Hawk College also raised my property taxes. ..... Every year, our property taxes go up far higher than the rate of inflation. No matter how much money they get, they always claim they need more. Yet, for all this money our schools and governments get from the taxpayer nothing seems to get any better. Where does my money go? ..... We know that property tax rates are lower in Iowa. Realtors know it. Prospective home buyers know it. Homes in Rock Island County can only be sold at a steep discount. ..... Many other letter writers have made the same complaints but left unsaid is how this is turning much of Rock Island County into deteriorating neighborhoods and this blight will only spread with each additional tax increase. ..... Every dollar that goes toward increased property taxes means fewer dollars left for home maintenance and improvements. Declining home values are also a powerful disincentive. Why pour money into a home that is steadily losing value? ..... Illinois needs to adopt Gov. Bruce Rauner's Turnaround Agenda, and local governments and schools need to make some simple reforms. Iowa shows the way: end over-bureaucratization, repeal prevailing wage, stop raising taxes, and make Illinois competitive again."