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: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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