"Hey Ref, that's five seconds!"

[Jesse James]

Originally Posted by JRutledge

Yeah but other states do not rely so heavily on property taxes to fund schools, they use other funds. So if you are in a rural community that has not a lot of property taxpayers (you would not be if you lived in an apartment for example), then that might be the disparity in why a place like Naperville can afford a lot of things to fund their school and Maywood down the road has a different income bracket.

Peace

It’s not like the apartment owner would pay property tax or anything.

[Camron Rust]

Originally Posted by Jesse James

It’s not like the apartment owner would pay property tax or anything.

I always chuckles when someone thinks apartment dwellers don't pay property tax. They may not write the check to the county directly but they do write it 12 times a year to their landlord. Anyone that thinks that renters don't contribute to property taxes is naive.

[Rich]

Originally Posted by Jesse James

It’s not like the apartment owner would pay property tax or anything.

My goodness, really. What does he think is in the rent people pay? Everyone who lives anywhere pays property taxes, either directly or indirectly.

[JRutledge]

Originally Posted by Jesse James

It’s not like the apartment owner would pay property tax or anything.

You realize what property taxes are right? You have to own the property to pay personally those taxes and also can be deducted in many cases off of other state or Federal taxes based on the usage of that property. Not the case when you rent, at least not in Illinois. It was not a deduction or part of the overall tax bill when I lived in an apartment.

Peace

[Raymond]

Originally Posted by JRutledge

You realize what property taxes are right? You have to own the property to pay personally those taxes and also can be deducted in many cases off of other state or Federal taxes based on the usage of that property. Not the case when you rent, at least not in Illinois. It was not a deduction or part of the overall tax bill when I lived in an apartment.

Peace

Additionally, there are a lot more people per square foot in an apartment complex as opposed single family dwellings. So depending how the property taxes are calculated and the value of the land and structure, there is not a one-for-one trade off between apartment buildings and single family dwellings.

[JRutledge]

Originally Posted by Raymond

Additionally, there are a lot more people per square foot in an apartment complex as opposed single family dwellings. So depending how the property taxes are calculated and the value of the land and structure, there is not a one-for-one trade off between apartment buildings and single family dwellings.

But the bottom line of all of this, you do not pay directly property taxes when you rent. You are not the owner of the property so you do not get that counted towards your overall tax bill. And it is state and jurisdiction run in Illinois, not from the Federal Government.

I cannot even believe this is a discussion. I referenced Naperville where I used to live and many people had 5 figure property tax bills and I can tell you I never had that when I lived there for my 2 years.

Peace