[Aces4]

Originally Posted by golfing eagles

The people committing crimes in those cities are not the ones moving here.

No, their choices are and that's what has changed Chicago, Portland and so forth.

[Pugchief]

Originally Posted by jimjamuser

Portland, Or. was a great city. Winter was difficult with cold and too much rain, but summers were outstanding. Unfortunately, it attracted too many people and a lot of crime and that changed it. California was wonderful in the 60s and 70s. Basically, locations change. Increasing summer heat and hurricanes are making year around living in Florida less pleasant.

Summer heat and hurricanes have always been an issue in FL. This is nothing new.

Why do you suppose crime became an issue in CA & OR, but not FL when there are way more people coming to FL?

[Pugchief]

Originally Posted by Aces4

No, their choices are and that's what has changed Chicago, Portland and so forth.

Ya, but people rarely associate their choices with the corresponding outcomes. If they did, they wouldn't keep making the same failure-prone choices.

[Normal]

Originally Posted by Pugchief

Summer heat and hurricanes have always been an issue in FL. This is nothing new.

Why do you suppose crime became an issue in CA & OR, but not FL when there are way more people coming to FL?

Because in California and in Oregon or even Washington, the law enforcement is handcuffed (virtually) and the criminals are not. I suppose there is also the problem of the court systems giving everyone second and third chances too.

[Aces4]

Originally Posted by Pugchief

Ya, but people rarely associate their choices with the corresponding outcomes. If they did, they wouldn't keep making the same failure-prone choices.

Yeah, that's the rub. Those choices keep coming even though the results disgust them and nothing changes.

[Normal]

To understand typical taxes on a $500,000 home in Chicago, consider the following points:

Property Tax Rate: The average effective property tax rate in Chicago is around 2.1%.
Estimated Annual Taxes: For a $500,000 home, annual property taxes would be approximately $10,500.
Tax Assessment: Properties are assessed at 10% of their market value for residential properties.
Exemptions: Homeowners may qualify for exemptions like the General Homestead Exemption, which can reduce taxable value.
Additional Taxes: Be aware of potential additional taxes, such as local taxes or special assessments.

[Topspinmo]

Originally Posted by golfing eagles

The people committing crimes in those cities are not the ones moving here.

Well……. Some come with mommy and daddy….

[Topspinmo]

Originally Posted by Normal

To understand typical taxes on a $500,000 home in Chicago, consider the following points:

Property Tax Rate: The average effective property tax rate in Chicago is around 2.1%.
Estimated Annual Taxes: For a $500,000 home, annual property taxes would be approximately $10,500.
Tax Assessment: Properties are assessed at 10% of their market value for residential properties.
Exemptions: Homeowners may qualify for exemptions like the General Homestead Exemption, which can reduce taxable value.
Additional Taxes: Be aware of potential additional taxes, such as local taxes or special assessments.

Why comparing Chicago and not New Mexico, Alabama, Alaska, Michigan…. O, I see it about comparing Illinois to villages florida..

[vintageogauge]

Originally Posted by asianthree

Our MI bill for 3,400sf with 1 acre, lake house 2,300sf, and the cabin 1900sf, all have lower taxes than any of our 5 homes in TV.
I don’t count bond as anything other than something we sell with the house.

They all must have a very low assessed value.

[Normal]

Originally Posted by Topspinmo

Why comparing Chicago and not New Mexico, Alabama, Alaska, Michigan…. O, I see it about comparing Illinois to villages florida..

It’s the OPs premise. I couldn’t agree more.

[Aces4]

Originally Posted by Normal

To understand typical taxes on a $500,000 home in Chicago, consider the following points:

Property Tax Rate: The average effective property tax rate in Chicago is around 2.1%.
Estimated Annual Taxes: For a $500,000 home, annual property taxes would be approximately $10,500.
Tax Assessment: Properties are assessed at 10% of their market value for residential properties.
Exemptions: Homeowners may qualify for exemptions like the General Homestead Exemption, which can reduce taxable value.
Additional Taxes: Be aware of potential additional taxes, such as local taxes or special assessments.

Don't overlook the fact that taxes are commensurate with wages and wealth in Chicago.

[Aces4]

Originally Posted by Topspinmo

Why comparing Chicago and not New Mexico, Alabama, Alaska, Michigan…. O, I see it about comparing Illinois to villages florida..

Because those comparisons may not make The Villages look like a deal. There is a crowd of people who love The Villages and they are here. There's nothing wrong with that, the problems lies in indicating it's the only decent, affordable place to live in the states.

[DianeP]

Originally Posted by Caymus

Are those the current taxes in Illinois or from a few years ago?

No way, those are old numbers my dad had a house in Naperville (Dupage County) and his taxes were $10,000 a few years ago, he passed away then.

We had a house in northern Illinois, Bull Valley, McHenry County, and our taxes were $13,000 when we sold last year.

We’ve owned here 6 years and full time since last August, our taxes here are super low compared to Illinois

[Pballer]

Property taxes in Sumter County are dirt cheap provided that you bought your house and homesteaded before the 2020 COVID pandemic caused prices to soar. To those who bought afterwards, tough luck. That's the way the Florida property tax system works; you could be paying thousands more in property taxes than your next door neighbor for the same value house.

[JRcorvette]

Originally Posted by nn0wheremann

It has taken ten years now, but looking at my TRIM notice, the proposed county taxes, added to the amenity fees, have now topped the $7K mark, just like the old homestead in DuPage County Illinois.

However, I still think the value for dollar paid is better here. There are almost no potholes and I don't have to shovel the rain, nor will I slip and fall on the frozen sunshine.

You need to deduct the amenities fee and the bond cost to fairly compare Taxes! It’s likely that your actual Property tax is closer to half the $7k