Survey Finds Illinois Still Second Worst for Property Taxes

From the Chicago Tribune — Illinois still has the second-highest property taxes in the nation, according to a survey by personal finance website WalletHub. Only New Jersey has a higher effective property tax rate, the survey found.

Though property taxes vary from county to county across the state, the average effective rate in Illinois — the proportion of the value of a home that a homeowner must pay each year in taxes — was 2.25 percent, just a hair below the New Jersey rate of 2.29 percent.