In the Midwest, property taxes are usually only assessed and only spent by local governments: school boards; cities; townships; and counties. The money all stays within the county. Assessed value ofter trails market value by several years. Read your tax assessment or talk to your county assessor to find out why your taxes changes so much.
When state governments make drastic cuts in aid to local governments in an effort to balance or reduce the state budget, local (property) taxes usually go up drastically to make up the difference in revenue.
Many states offer property tax rebates to people on fixed incomes, check with your tax accountant or state tax department. You may need to live in the house all year to qualify for a rebate i.e., if you sell before 1-1-2015 no rebate for 2014.
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Today's Featured Article - Show Coverage: Central Illinois Strawberry Festival - by Cindy Ladage and Janna Seiz. Every year the coming of summer is highlighted by different events for different people. For some, it is heralded with the end of school, tilling the garden, or completion of the planting season. To us, connoisseurs of find food, antique tractors, farm toys, crafts, and downright fun, the annual Strawberry Festival means summer is here. Every year, in Carlinville, Illinois, the Macoupin County Historical Society and the Macoupin Agricultural Antique Association team up to fill th
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