Macon Reporter

State Rep. Dan Caulkins (R-Decatur) has criticized Governor Pritzker for failing to fulfill his promise of property tax relief made in 2020, as Illinois ranks as the second-highest state for property taxes in the nation. 

The dire property tax situation has left Illinois homeowners with minimal property value gains over the past two decades, raising concerns among residents and policymakers.

"Gov. Pritzker promised to cut property taxes in 2020, part of his State of the State speech. Nearly four years in and he’s done nothing for homeowners. Illinois falls dead last nationally when it comes to home value appreciation since 2000," Caulkins said.

Illinois continues to face a dire property tax situation, ranking as the second-highest in the nation, with only New Jersey surpassing it, according to Wirepoints’ Mark Glennon. The excessively high property taxes not only burden homeowners but also depress property values, contributing to Illinois having the worst home price appreciation in the nation since 2000. Additionally, a recent report reveals that 12 out of the nation’s 50 housing markets most at risk of a downturn are in Illinois, pointing to the urgent need for property tax relief and consolidation of taxing jurisdictions in the state, which has been promised but remains unfulfilled. (Source)

Illinois has experienced the slowest growth in real home values since the year 2000, earning the state the unenviable distinction of having the worst performance in the nation in this regard. As a result, homeowners in Illinois have seen minimal gains in their property values over the past two decades, posing challenges for the state’s real estate market and raising concerns among residents and policymakers. (Source)

Illinois is facing a concerning situation as it hosts 12 out of the top 50 property markets in the United States that are most at risk of a downturn. This data underscores the vulnerability of the state’s real estate market to economic and financial pressures. Factors such as high property taxes have contributed to this heightened risk, raising concerns for homeowners and stakeholders in these at-risk markets. (Source)