I’m not an idiot, I promise, but I am just not quite understanding how property taxes work — specifically in DuPage County although I don’t think that matters.
I understand that counties set their rates, the properties are assessed, and the tax is based on that assessment. What I don’t understand is the relationship of housing prices to assessments. I’ve seen houses in the SAME TOWN — one listed at $ 215,000 that has a $ 6k tax and one lised at $ 240,000 that has a $ 4k tax. How does that happen? Is it because the first one hasn’t been assessed in the last couple of years?
Also, I’ve had a few people tell me the taxes are prorated and added into mortgage payments — is that true? In what cases? We are first time home buyers in case that wasn’t totally obvious.
Thanks everyone, you’ve all been very helpful so far!
http://www.cnbc.com/id/29283701
CNBC’s Rick Santelli leads the trader mortgage revolt.
The plan is a discrace! I pay my mortgage and bills on time. I live on a fixed income. I find it tough each month to make ends meet, but do. I did not go out and buy a home I could not afford. No one is helping ME! The Bleeding heart Democrats might as well give the country away. God Bless Rick Santelli!!
In a heart beat. Where do I sign up?
YES! it may take something this drastic to make any change at all, but America is full of sheeple looking for hand outs so I wont get my hopes up for much support.
Ina NEW YORK MINUTE I would!
Yes I will! Rick Santelli is my hero!
Yes, in a New York minute.
It is reassuring to see that a prominent citizen with name recognition is finally speaking out forcefully against Obama’s spending plan. I hope others follow suit and also become a loud voice of reason.
Obama’s plan rewards and encourages irresponsible behavior. It is destroying the morale of all the responsible people.
92 percent of home owners are still paying their mortgages. These responsible homeowner’s are the backbone of our nation and they are the ones who will keep it strong.
I am okay with the banks refinancing high adjustable rates to lower fixed rates, or renegotiating a longer mortgage term to help lower monthly payments.
I am solidly opposed to lowering the value of the house, which is essentially forgiving part of the loan, And, I am against rewarding those in the program for paying their mortgages on time.
Here’s a link to the Santelli video.
http://www.youtube.com/watch?v=bEZB4taSEoA
Nope im going to go to work today and not waste my time pissing and moaning on some steps of a government building or some other protest.
“One if by land….two if by sea” Count me in!!!!
Santelli has a way about him for sure! I for the life of me can not understand why people go in to debt beyond their means to repay than expect the government or Joe Taxpayer to bail them out, let them learn to be homeless if that’s what it takes, I live modestly, I receive a service connected disability pension plus I have a business, I draw a salary from my business, I live within my means or slightly below it as emergencies do happen and when you have children they tend to need some help now and then, which they know they must repay! It is unfathomable to borrow what you can’t repay to me, and very immoral to ask others to pay your debts.
count me in!
You bet! We are driving old cars and working 2 jobs each to make ends meet. I was briefly laid off this year and took a 20% pay cut going back to work and have had to sacrifice plenty. I live modestly and pay my bills on time each month as well. Nobody is bailing us out, in fact, we’ll probably be expected to work harder to pick up the slack for those who were/are irresponsible.
REVOLUTION, PEOPLE!
I would!
YES!
I was actually watching cnbc when he started telling it like it is. I say we need a revolt, something needs to be done before we turn into a socialist country. I wasn’t raised to sit back and let my neighbor take care of me, we called those type of people, “welfare-rs”, and I am totally p*ssed that not only myself, but my greatgrandchildren are going to be paying for this load of sh*t!
I’m ready to sign up. There is no reason for us to pay for 5 million mortgages of illegal aliens.
“Lord, send me the gifts to go out into the political world where the struggle for values near and dear to your own heart takes place.”
“Almighty God, Remind us that you are a God of justice and have called us as your people to practice it. We confess that we are in a society that practices politics without principle, seeks wealth without work. and engages in commerce without morality and enjoys pleasures without conscience”
Quoted from my morning church bulletin today. Amen.
And, yes, I would go to this tea party if it were near me. I feel the very cornerstones this country was founded upon are in jeopardy. We must have strength and courage to stand up for what is true and right.
God Bless those who do not give up and grand them courage.