Gus Ruballo / Unsplash
Gus Ruballo / Unsplash
A DeKalb community Facebook page is warning county property owners of an increase in property taxes.
Property owners will be receiving a mailer from DeKalb County advising them of the new assessment. DeKalb Illinois Issues posted that properties will be "assessed at even a HIGHER number - - NOT good news!"
“HUGE Property tax increase is coming in 2023 for DeKalb county!” DeKalb Illinois Issues said on its Facebook page. “The NEW property assessments are OUT and residents are in for a WHOPPER of a BAD surprise. The Average home saw an increase in assessed value of over $5000. The average increase amounts to 6-8% across DeKalb County. What does this mean? HIGHER property taxes on your tax bills that will arrive in spring. This is one of the HIGHEST EAV increases in recent memory. How does this increase affect your taxes? Simple....take the amount of taxes you are paying now and multiple it by 7% (average). For example if your taxes are $7000, next year you will be billed for $7490.”
Some homeowners, according to the group, are reporting an assessment increase of 20 percent.
“Local governments (City, County, School district, township, Sanitary district, Kish College, Forest Preserve etc....) are foaming the mouth over the new assessments as they will see an influx of new tax money, the likes that have not been seen in decades," the post further reads. "At tax time, greedy government leaders will tell you ‘we are holding the line on taxes, we are keeping the tax ‘RATE’ the same.’ What does this mean? It means that ‘RATE’ is multiplied by the 7% increase, and you will pay 7% more.”
Illinois is renowned for having high taxes. Since 1990, Illinois' property tax burden has increased by 76%, more than twice as quickly as the state's median household income, according to Illinois Policy. After New Jersey, the state has the highest property tax rate in the country.
According to Rocket Mortgage Illinois, the average annual tax bill is $4,942 while average home values of $194,500 lag far behind most other parts of the country.
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