Now that we have pretty much accepted that our homes are worth less than they used to be, a question comes up: If the value of my home is dropping, will my property tax bill do the same?
Short answer: Not now, not for a few years, and very likely not at all.
For the long answer, it's important first to grasp a few basics of how residential property tax bills work in Illinois.
SUBSCRIBE AND FOLLOW
Get top stories and blog posts emailed to me each day. Newsletters may offer personalized content or advertisements.Learn more