Kane co folks, check your privileage

[Bruce Jibboo]

Its not really Kane co as the problem, their share is super small, they are extremely efficient vs the surrounding counties. Its specifically my township with School Dist 301.

As population growth slows, property taxes strangle Kane County homeowners | Kane County Reporter

 

[DanJ]

it went up $30 from last year. I moved in 2010.

2016 24,267.88 211,722
2015 24,236.10 201,849
2014 22,860.42 186,679
2013 23,195.90 194,483
2012 23,712.78 219,649
2011 23,869.08 243,053
2010 24,390.88 269,705
2009 26,344.96 315,413

you're talking a Can Am X3... I went on BMW's website and thought you were paying $40K.

 

[Bruce Jibboo]

 

[Bruce Jibboo]

anyone else pinpoint the problem? This math add up?


Community Unit School District 300, which includes Spring Acres Hills, saw its enrollment rise by 15 percent from 2005 to 2015. But its local property tax spending rose faster-- by 49 percent, from $125 million to $190 million per year, in inflation-adjusted dollars.

In Geneva Community Unit School District 304, local property tax spending jumped 35 percent from 2005 to 2015; enrollment rose six percent over the same period.

In St. Charles Community Unit School District 303, enrollment fell two percent between 2005 and 2015. But local spending rose 29 percent in real dollars.

Batavia Unit School District 101 hiked local tax spending 46 percent; enrollment was flat over the period.

Collectively, Kane County’s nine school districts spent $1.072 billion in 2015, up 28 percent from 2005. Enrollment rose eight percent over the same period.

 

[Chester Copperpot]

"But think of the children!"

 

[CMNTMXR57]

It isn't just schools though. It's fire protection, annexation of land (I know Elgin was trying to annex stuff out by Burlington awhile back), infrastructure, etc...

Not justifying their spending, but it isn't just the schools.

 

[Bruce Jibboo]

peace out folks

 

[CMNTMXR57]

VERY tempting...

 

[RICH17]

That's an insane amount of money to be giving away

 

[Mook]

Slave free

 

[Gone_2022]

Finally got ours to work. Looks like it may go up 300 dollars this tax year.

That's nothing compared to what's being discussed in this thread but 4600 dollars of the bill goes to the school! Jesus Christ!

 

[Bruce Jibboo]

That's an insane amount of money to be giving away

Since its such a big deduction on federal/state income taxes, those taxes are absoutley minimized which is the only way to justify it long enough to head west.

You basically think of the tax dollars going local vs federal/state.

 

[CMNTMXR57]

It's all rediculous...

- My taxes have gone up by 17%
- My healthcare coverage shot up around 35% (and it's shit coverage)
- Fuel is always going up
- regular groceries are going up
- Vehicle costs are going up (all around, whether it be to buy new or maintain what you have)
- We get tolled everywhere.

and on and on,

Yet my income has only gone up a couple percent, IF that. I joke that if I worked hourly, as a burger flipper, I'd actually make more per hour and probably have better healthcare coverage than working where I do now on salary.

 

[Gone_2022]

Since its such a big deduction on federal/state income taxes, those taxes are absoutley minimized which is the only way to justify it long enough to head west.



You basically think of the tax dollars going local vs federal/state.

How much does it affect your tax refund? Not asking for your actual private numbers but this will be our first year being able to write them off.

Should be around 6800 in taxes, will it get me a decent amount back?

 

[Bruce Jibboo]

Slave free

I completely feel like a slave 2k/month in property taxes alone?

The reason I jumped into this house was I bought it 35-40% lower than the original build/sold price, I expected the taxes to adjust at least 20-30%? That doesn't happen when all the values fall, assessed rate lowers but tax rate increases to cover the same tax levi's and the increased spending.

 

[CMNTMXR57]

How much does it affect your tax refund? Not asking for your actual private numbers but this will be our first year being able to write them off.

Should be around 6800 in taxes, will it get me a decent amount back?

Just looking at my Schedule A now...

All of it, along with mortgage interest paid.

 

[Gone_2022]

Just looking at my Schedule A now...

All of it, along with mortgage interest paid.

Well I know I can write it all off along with my mortgage interest, but just because I wrote off 6800 in property taxes does not mean I get a 6800 dollar refund lol.

 

[CMNTMXR57]

You're not getting a refund, but it is part of your deductions on schedule A (most likely if you're doing it, it is part of the itemized as that is greater than the standard deduction), reducing your Adjusted Gross Income, therefore reducing your taxable income.

 

[Gone_2022]

You're not getting a refund, but it is part of your deductions on schedule A (most likely if you're doing it, it is part of the itemized as that is greater than the standard deduction), reducing your Adjusted Gross Income, therefore reducing your taxable income.

True, I was more or less asking if it actually affects what you potentially get back as a refund from the Gov a lot or not really.

 

[Bruce Jibboo]

Well I know I can write it all off along with my mortgage interest, but just because I wrote off 6800 in property taxes does not mean I get a 6800 dollar refund lol.

if you make 100k, you deduct 6800, so your taxed on 93,200. Not a huge savings but every bit helps.

 

[Mr Baytchos]

Thanks for getting my kids the sweet Chromebooks [MENTION=410]Bruce Jibboo[/MENTION]

 

[CMNTMXR57]

Exactly.

Between my itemized deductions (including those taxes and the mortgage interest), and then exemptions (Myself, the Wife, the kids), I reduced my taxable income just over $37k this year.

Every bit helps.

 

[Bruce Jibboo]

Thanks for getting my kids the sweet Chromebooks [MENTION=410]Bruce Jibboo[/MENTION]

do they go to 301? word on the street is they have like ipads and a BUNCH of technology just sitting in boxes because the teachers don't want to use them or don't know how.

 

[Mr Baytchos]

I'd love to stay in 301 area but I just can't afford the taxes. Pretty much another mortgage to live in the 301 district

 

[Gone_2022]

Thanks for getting my kids the sweet Chromebooks [MENTION=410]Bruce Jibboo[/MENTION]

I mean if you think about it that makes sense. I remember how much my books used to cost, and especially in college. Holy crap it could have been hundreds and hundreds every semester.