CAVEAT: THIS BLOG CONTAINS (albeit often very childish) ADULT-CONTENT.
REQUISITE BLOG DISCLAIMER: Entries at this blog are akin to good old-fashioned campfire chats; I offer no opinion on what you should or should not purchase, or what you should be using or doing. What does or does not work for me could be long country-miles away from your tastes and your needs. Any products, places, and / or whatnots that I review for this blog are purchased at retail price by me. I do not accept payment, gifts, discounts, freebies, products on loan, demon alcohol, drugs, plea-bargains, probation, parole, Presidential Pardons, or any flavor of sexual favors for doing any review.
EU TRACKING COOKIE NOTICE: Our Lord and Savior, The Almighty Gooooogley, bakes those scrumptious cookies and whenever The Almighty Gooooogley cooks something up it means everything related is for sale; it is possible that some of you good souls could be sold-out. The author of this blog sincerely appreciates the many visitors from inside and outside of the USA and feels obligated to mention that YOUR RESPECTIVE GOVERNMENTS (and / or employers) MAY KNOW THAT YOU WERE HERE and they may not approve of you perusing the blog entries regarding GUNS ... KNIVES ... SELF-DEFENSE ... CORRUPT POLITICIANS ... SELF-SERVING ROGUE GOVERNMENT AGENCIES ... GOVERNMENT SPYING ON CITIZENS ... Human Rights ... Freedom of Speech ... Life ... Liberty ... Pursuit of Happiness ... War isn't Peace ... Slavery isn't Freedom ... Ignorance is Weakness ... and all that other "subversive" stuff that worries the living hell out of the dictatorial elite.
Vive la liberté! Vive all y'all!
Ante omnia armari
To each of you ... Thanks for stopping by.
Tuesday, February 22, 2011
11% of American houses are vacant; that comes as no surprise to those living in Lake County, Illinois
It is a sad fact that 11 of every 100 U.S. houses are empty. It is hard for folks to qualify for loans and many people are saddled with credit card debts that may be decades old. However, I am here to tell you that property taxes are a big part of the reason why homes are not selling and are why many folks are losing their homes. Property taxes have long been the cash cow used to fund schools and local governments, and they just will not quit milking the source.
Lake County not only has the highest taxes in the State of Illinois, we pay the highest taxes in all of the Midwest and rank #16 nationally (Forbes, 2010). The Lake County Board brags that their budget is balanced, but they do it on the backs of the homeowners by using unrealistic valuations. My 3-bedroom home is taxed on a market value of $330,000 (I pay over $9,000 property taxes a year, along with $400 for homeowner association dues), but a larger 4-bedroom home down the street is expected to go at auction for less than $150,000. No houses are selling for anywhere near the assessed value. We are being taxed out of our homes and all potential buyers are ever leery of the tax burden they will incur. Further still, many homeowner associations (ours included) have adopted “no rent” bylaws, which discourages investment purchases. If you are looking for a place to live, I cannot recommend Lake County, Illinois. I have been in this house for almost a dozen years and would never have bought if I knew the taxes would balloon to where they are.