26Kermy t1_jbny141 wrote on March 10, 2023 at 12:12 PM

Reply to comment by TheOnlyBasedRedditor in [OC] Ratio of Median Sale Price of Single-Family Homes to Per Capita Income, by Metro Area by thatdude333

Everyone will move to rural Illinois?

ReasonablyPricedBird t1_jbpt7ne wrote on March 10, 2023 at 8:02 PM

You might want to check out their propery taxes before you make that move.

Spence97 t1_jbqicci wrote on March 10, 2023 at 10:51 PM

Property taxes often are over 3% when I look around online, casually. I’m not an expert but they’re insanely high when I do check listings there. I gather they must have a crazy amount of layers in their state and local governments.

Also, at the same time, I often see houses assessed for way over what they’d sell for. I’ve seen some assessed up to 50% over current list price, where the house had been sitting for sale for months at that list price.