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South West Illinois News

Monday, March 10, 2025

WalletHub study reveals Illinois' high property tax rates

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State Representative David Friess (IL) | Representative David Friess (R) 115th District

State Representative David Friess (IL) | Representative David Friess (R) 115th District

Illinois residents are facing property taxes that are more than twice the national average, according to a recent study by WalletHub. The survey indicates that homeowners in Illinois will pay significantly more in property taxes on the median U.S. home value of $303,400.

The study's findings have intensified the ongoing debate between state Republicans and Democrats. House Republicans are pushing for measures to reduce these high property taxes. They argue that immediate action is necessary to alleviate the financial burden on homeowners.

In contrast, Democrats in Illinois continue to propose budgets with increased spending and new programs. This approach has drawn criticism from those advocating for tax relief, who see it as a barrier to lowering the state's property tax rates.

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