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Tuesday, November 27, 2007

Archive from November 27, 2007

I went to a meeting tonight about how to appeal a Lake County, Illinois real estate property tax assessment. It was a standing-room-only crowd of some exceptionally pissed off people. Property taxes run most all of our government services. There are certain non-tax based enterprise funds, such as sewer and water user fees, but real estate taxes fuel most of the needed functions along with all of the not-so-needed functions. Sales taxes seem to offer little relief to the property owners.

The meeting covered nothing that I did not already know. I appealed my assessment about 7 years ago and received a 5% reduction in assessed value, which was good for one year, which the government recovered in the following assessments. I really don’t believe there is any chance of scoring another reduction, and do not feel like spending $300 for the needed appraisal in order to find out. The system is stacked cold against the taxpayers. Paying nearly $8,000 a year in property taxes for the privilege of living in a 3-bedroom house is just plain insanity.

If you do not live in Illinois, think long and hard before you decide to move to this money sucking state. If you must move to Illinois, Lake County is the last place you should choose to live. If you must move to Lake County, I have just the house for you to buy.

Please call soon.

James A. Zachary Jr

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