Illinois Cities Have Highest Property Tax Rates
If property taxes were a competition, Illinois would be cleaning up.The state dominates national rankings for property tax burdens with four of the five highest-taxing metro areas in the country, Crain’s reported, citing Attom. The ranking is based on the ratio of home values to property taxes.The real estate data firm reviewed effective tax rates in 217 U.S. metro areas and found that Rockford led the nation last year with an average rate of 2.06 percent of a home’s market value. Chicago followed at 1.91 percent, just ahead of Peoria’s 1.89...