(The Center Square) – Illinois has the second highest property taxes in the nation and some Republican lawmakers want to do something about it.
Next year, a law requires the Illinois Department of Revenue and Department of Commerce and Economic Opportunity to conduct a comprehensive study evaluating the entire property tax system in the state, but some are doubtful it will make a difference.
State Rep. Dan Ugaste, R-Geneva, said high taxes are one reason people are leaving Illinois.
“Skyrocketing property taxes are placing huge burdens on existing homeowners and inhibiting commercial growth,” said Ugaste. “These high property taxes are creating opportunity deserts and are decimating once thriving neighborhoods and communities.”
Homeowners in parts of Cook County saw their property tax bills rise this year by 20% to 30%, the largest increase in 30 years.
“South suburban homeowners already pay some of the highest property taxes in the county, and these increases will make paying those bills even more difficult,” Cook County Treasurer Maria Pappas said in a statement.
State Rep. Nicole La Ha, R-Homer Glen, said one solution is to change how schools are funded and redirect funds previously allocated for pension obligations.
“With the percentage of our state budget dedicated to pensions decreasing over time, there’s an opportunity to redirect those savings to property tax relief,” said La Ha.
Another measure would require local governments to return excess funds to residents.
“Why are the supermajority legislators not advocating for the communities that have already seen a lack of investment and economic growth,” said State Rep. Jackie Haas, R-Kankakee. “We should be doing everything we can to ensure all Illinoisans have the opportunity to work hard, raise a family, even open a business, and be able to afford to do so.”
