Another Reader Planning to Leave Illinois

Bob Kunz

Bob Kunz

This is getting depressing.

Another McHenry County Blog reader just commented that she is planning to leave Illinois.

Commenting under this article with property tax statistics compiled by Algonquin Township Assessor Bob Kunz, Gail writes:

I was considering buying a home in the Lake County area.

But I’ve decided to leave Illinois.

Illinois will NEVER get it’s property taxes (or any other taxes) under control.

As someone above said…they are taxing people out of their homes.

They don’t realize that people are now voting with their feet.


Comments

Another Reader Planning to Leave Illinois — 14 Comments

  1. Frankly most Mchenry County Blog readers are conservatives or libertarians who don’t want to pay for anything.

    I think it is good to get rid of those people who owe no allegiance to this state and I am sure there are a lot of people who come here to make more money and benefits and leave for another state or country but I say so long and good luck.

    A lot of them probably contributed to the problems.

    How many were state workers who are getting these pensions?

    It is better to be surrounded by friends rather than wolves in sheeps clothing.

  2. What a disgraceful and factually inaccurate mischaracterization of commenters.

    Property taxes as percentage of home value and as a percentage of household income in Woodstock are multiples (100% or more) higher than property taxes anywhere in America.

    By virtue of our presence here, we ARE , by law, paying for pretty much everything.

  3. I’m not too far from retirement, five years maybe, and because of the mess this state is in there is no way we will remain here and risk my future fixed and very favorable income situation.

    It’s wrong to presume conservatives “don’t want to pay for anything.”

    We simply don’t want to pay for things in woefully inequitable ways, especially for that special incentive called retirement encoded in the state’s constitution.

    Elsewhere, income taxes are higher than Illinois’, but not nearly enough to offset the ridiculously high real estate taxes we pay.

    Taken altogether, the imbalance of taxes, the wasteful manner of governance across all levels of municipalities and districts, and the gerrymandering-based mess created by the Illinois House, we will most certainly be selling and relocating in the near future.

    I love living in Crystal Lake, but there are many other places to love living in and at a much better price point, with far less political corruption (legal or otherwise.)

  4. How about we are tired of paying for generational welfare recipients, union pensions and out of control union salaries.

    Vote with your feet move out of Illinois.

    Let the Democrats pay their fair share.

  5. How about I am tired of paying for corporate welfare by these tax breaks for businesses who take the break but leave anyway.

    How about I am tired of paying for wars when the cost of taking care of veterans is never considered.

    How about I am tired of paying for politicians salaries when they don’t solve the problems but grandstand for the next election.

    EMinclake supports my point.

    He says he has a good pension but wants to move.

    I think those with good pensions from Illinois should be taxed 40% for taking that money out of state and not supporting Illinois businesses and taxes.

  6. Illinois will get no death tax revenue from Gail.

    Retired and retiring public sector workers and other workers are increasingly talking about retiring out of state.

    This has been going on for several years.

    There was an infamous Forbes story with a retired a teacher and her spouse; after retirement they moved to TN because their Vanguard financial planner told them they had a 20% better chance of living a “comfortable” retirement without outliving their assets in TN compared to IL.

    This teacher in 2015 is earning a $52,000 pension which increases 3% annually for the rest of her life (unless Illinois repeals via constitutional amendment the pension sentence added to the Illinois State Constitution in 1970, and cuts her pension, which it should, because her and all teacher benefits were hiked by state legislators and Governors).

    They sold their house, bought a condo and boat on a lake.

    Tennessee doesn’t tax retirement income either.

    They are saving $6,200 a year in property taxes.

    One year of property taxes in the Naperville house equaled 4+ years of property taxes in the Tennessee condo.

    Granted it’s a condo not a townhouse but the value of the house before improvements was $340,000 to $415,000.

    If enough retiring baby boomers with hiked pensions come to the same conclusion, and I’ve personally heard story after story, we are in even bigger trouble.

    Forbes
    Fleeing Illinois For Tennessee In Retirement
    June 30, 2014
    Ashlea Ebeling
    http://www.forbes.com/sites/ashleaebeling/2014/06/30/fleeing-illinois-for-tennessee-in-retirement

    The pensions were not designed to be sustainable.

    Pensions were hiked for political purposes, not because they were justified or affordable.

    Hiking pension benefits to underfunded pensions was and is self serving and fiscally unsound.

  7. Typo.

    Should be, “unless Illinois repeals via constitutional amendment repeals the pension sentence added to the Illinois State Constitution in 1970…”

  8. Another typo or rather clarification in this instance.

    Should be, “Granted it’s a condo not a townhouse but before improvements the Tennessee Condo was valued at $340,000 compared to the Naperville house valued at $415,000.

  9. Going .. going .. GONE !

    Good luck Gail, you are doing the right thing by leaving
    this tax hellhole of a state.

    I hope to soon be joining you.

  10. I just bought property in South Carolina, lots of jobs, low property tax, leaving Illinois soon.

  11. Karma, I said nothing about a pension, which I do NOT have.

    I have a 401(k) and IRAs for which I have invested in with my own money since I was in my 20s.

    But penalize a pensioner simply because they want to move out of state? Ludicrous! Who can account for the myriad reasons why a person might want or need to relocate?

    Certainly we don’t want our politicians encoding more bureaucracy into the equation.

  12. I am a real estate agent, and can sadly but confidently report that the tax and fiscal condition of this state are driving many good, hard-working individuals and families out of Illinois.

    Illinois is 2nd only to New York in the exodus of its residents.

    10%, 20% and even 30% annual increases in property taxes, while home values stagnate, are not uncommon.

    I have seen these increases drive homeowners out of what they had planned to be their dream homes.

    What’s more, there is hardly a neighborhood that has not watched as abandoned foreclosed homes languish and decay, negatively impacting the neighborhood, and even more, the pride of ownership that was once the lynchpin of the American dream.

    Something very valuable is being lost in all of this.

    Illinois is a wonderful place to live.

    But due to the convoluted, obfuscated and irresponsible manner by which the system works, most residents, already overwhelmed trying to keep up, are not equipped to effectively respond.

    As another blogger noted the residents are not organized to confront the problem.

    And why should they be?

    Is that not the job of the elected officials?

    The wise, hard working resident who chooses to move to a better place has not so much left the state, as the state has left them.

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