Illinois has once again ranked among the most expensive states for property owners in a new report from WalletHub. According to WalletHub’s latest analysis of state property taxes, Illinoisans pay the second-highest rates in the nation.
In Illinois, property taxes ring in at around $4,476, nearly double the national average of $2,280. The Prairie State’s property tax rates are in stark contrast with neighbors like Iowa, Indiana and Missouri where the averages paid are $2,960, $1,679 and $1,910, respectively.
Senate Republican lawmakers like Senator Jil Tracy (R-Quincy) have long advocated for reforms to lower Illinoisans’ property tax burdens.