(The Center Square) – A new analysis shows that Illinois homeowners continue to deal with crippling property taxes.
The personal finance website SmartAsset analyzed 342 cities across the country with populations greater than 100,000. Specifically, cities are ranked by the median real estate taxes paid (by homeowners with a mortgage) as a proportion of the median annual housing payments.
Researchers found that numerous Illinois cities appear in the top 20 with the highest real estate taxes in the nation, including the top two spots.
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“Out of the top 20 places with the most expensive real estate taxes, Illinois had six cities in the ranking,” said SmartAsset researcher Jaclyn DeJohn.
Peoria led the entire country with the highest effective property tax rate in 2023 at 2.6% of the median
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