GON
$150 Site Donor 2025
Thanks for mentioning Margaret Thatcher quotes. I didn't recall any and did a quick search. Her quotes are awesome:
https://www.brainyquote.com/authors/margaret-thatcher-quotes
Illinois woman’s property tax is poised to pop from $756 to over $10,000
- Thread starter GON
- Start date
https://www.brainyquote.com/authors/margaret-thatcher-quotes
JTK
$100 Site Donor 2025
Sounds like a standard People's Republic of NY rate unfortunately. I feel for the lady given the drastic increase, but $700 something/year for basically 100 acres? You have to know that ain't lasting forever.
GON
$150 Site Donor 2025
I suspect the vast majority of 100-acre parcels in non-metropolitan areas around the country have a like taxable amount ($100-$1800 annual USD) speculation on my part. If these parcels were taxed at $10,000 USD annually, the owners would not be able to sell on a MACRO basis and have surrender the land to a tax sale indirectly back to the government.
I have some, but limited sympathy for the woman.
As for Illinois, people need to sell out and move to a red state ASAP, or vote the State bums out and get IL on a sane track.
As for Illinois, people need to sell out and move to a red state ASAP, or vote the State bums out and get IL on a sane track.
Don't get me wrong, I still feel bad for her. It's not easy moving out of a house - that's her entire life there, but assuming she has lived in the same place since 2007 then she has had 17 years to figure out a plan to help herself. Instead her reaction was to do nothing....for 17 years.
The real story here is how the County mis-assessed the property since the 2007 law went into affect. In reality, the landowner has been (apparently dramatically) underpaying property taxes since that time...
Wonder what the penalties would be for me if I just underpaid my property taxes for 17 years...
Wonder what the penalties would be for me if I just underpaid my property taxes for 17 years...
So parcel off 5 acres for a subdivision and pay taxes with that for the forseeable future.
We've got a housing crisis where I live, and presumably where she lives, too. Old people hoarding land they aren't using... cry me a river. If they can swing it financially, good for them. If they can't, well, find a higher and better use.
AZjeff
$50 Site Donor 2023
You must be a city boy. Lots of people where we're from in rural Pa own acreage for lots of reasons.
In my county in DE they are just finishing up reassessment. I think they paid the company that did the reassessment about $7M. They could have just looked on Zillow and gotten more accurate numbers. A few in my neighborhood that I talked to had their sq footage incorrectly calculated.
I think there is a state law that after a reassessment the tax amount cannot go up by more than 10% in any one year.
I think there is a state law that after a reassessment the tax amount cannot go up by more than 10% in any one year.
I'm on 35. That's small here. Neighbor below has 80, next to me has a couple hundred and the guy behind me has 1800.
If we're gonna talk "hoarding" that quickly enters a realm of a certain thing.....maybe if you have three cars for two people you should give one away. And why do you need TWO ratchets in 3/8" drive? Isn't one enough? Let's make sure everyone gets exactly the same things in quantity and quality. That always works out well -- we know from results.
If I'm reading this correctly, this particular woman's situation and ridiculously high tax impending payment is the result of her local government's incorrect implementation of a law that was passed 17 years ago?
Yet somehow this is the fault of Illinois lawmakers and the city slickers up in Chicago?
Guilty as charged!
Houses in the towns nearby are less than a fancy pickup, so it seems they have more of a people shortage than housing there...
Perfect, we did our own managed forest plan, but for ~$1k you can get a professional to take an inventory of what's there, and make suggestions on how implement your management plan, which could be doing almost nothing. Our plan for most of our forest is remove any invasive exotic low value tree species that show up. And do some low grading, for firewood, and flop some trees that will never have value, and keep some trails open to ride the toys on, and haul the odd log out. The previous owner had some high grading done, so there's not enough loads yet of decent logs to make a sale, maybe in 20 more years?
Anyways, the only real income potential now is processing some firewood, or selling some interesting slabs, both which require some equipment and time.
I`m old and have land that's in currant use assessment and I`m not hoarding. The land supports fruit, berries and a modest garden along with a timber harvest every 30 years or so. A tax is imposed on the sale of said timber. I`m not alone in any of this and resent any implication above. Covering every piece of privately owned property with houses to solve a political fiasco isn`t a solution.
Maybe we BITOGER's should be more diligent regarding our assessment and knee jerk reactions of the media: Oopsie @GON 
This topic is mostly about the ineptness of Illinois lawmakers, as already mentioned above.
https://www.thejournal-news.net/stories/woodland-assessment-changes-will-not-go-in-effect,160146
https://www.illinoispolicy.org/1400-property-tax-hikes-in-montgomery-county-on-hold/
"Montgomery County Board Chairman Doug Donaldson announced property taxes hikes stemming from a 2007 law will not go into effect and that an ad hoc committee will explore the issue."
“While we believe the Supervisor of Assessments was following the timberland reclassification legislation from 2007, we also understand that applying the law could result in serious consequences in our county,” Donaldson said. “We heard that loud and clear, and we appreciate the efforts of those who took the time to express concerns.”
This topic is mostly about the ineptness of Illinois lawmakers, as already mentioned above.
https://www.thejournal-news.net/stories/woodland-assessment-changes-will-not-go-in-effect,160146
https://www.illinoispolicy.org/1400-property-tax-hikes-in-montgomery-county-on-hold/
"Montgomery County Board Chairman Doug Donaldson announced property taxes hikes stemming from a 2007 law will not go into effect and that an ad hoc committee will explore the issue."
“While we believe the Supervisor of Assessments was following the timberland reclassification legislation from 2007, we also understand that applying the law could result in serious consequences in our county,” Donaldson said. “We heard that loud and clear, and we appreciate the efforts of those who took the time to express concerns.”
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SammyChevelleTypeS3
$50 site donor 2023
Unfunded (or EVEN funded) entitlements - give aways - grants bla bla blablalalala or what ever they want to call it.....
Money that NO US citizen has voted for or provided permission to (its what I consider-criminal) polititicans by spending hard earned people's tax monies on is one of the worst things happening to our country for the past 50-60 years.
It is wildly out of control. Not just one place either. It is from the peon city councilmen all the way up to the "Big Guys" in Washington DC. General George Washington would likely puke knowing his name is attatched to one of the most criminal, mismanaged places in the USA.
No personal finances or businesses could survive the wildly out of control spending with zero return on investment (if one can truly call it that? what return?). Not one thing good ever comes back in the way of repayment or better outcome for a community or the citizens who provide the money they spend like drunken fools.
- Joined
- Jun 22, 2022
- Messages
- 1,545
My property tax in Indiana has quadrupled in the last 6-7 years. The trick is simple - first the property is assessed at low value so they jack up the % up to the statutory maximum. Then they start adjusting the basis because the property values have gone up. Et voila, a few years later you are royally screwed.
+1 LOL. Some people are a little quick with the outrage posts.Maybe we BITOGER's should be more diligent regarding our assessment and knee jerk reactions of the media: Oopsie @GON
This topic is mostly about the ineptness of Illinois lawmakers, as already mentioned above.
https://www.thejournal-news.net/stories/woodland-assessment-changes-will-not-go-in-effect,160146
https://www.illinoispolicy.org/1400-property-tax-hikes-in-montgomery-county-on-hold/
"Montgomery County Board Chairman Doug Donaldson announced property taxes hikes stemming from a 2007 law will not go into effect and that an ad hoc committee will explore the issue."
“While we believe the Supervisor of Assessments was following the timberland reclassification legislation from 2007, we also understand that applying the law could result in serious consequences in our county,” Donaldson said. “We heard that loud and clear, and we appreciate the efforts of those who took the time to express concerns.”
