Study: Illinois has 2nd highest property taxes in the nation

SPRINGFIELD, Ill. (WICS/WRSP) — A new study says Illinois’ property taxes are higher than most states in the country.
The study by WalletHub compared the 50 states and the District of Columbia by using U.S. Census Bureau data to determine real-estate property tax rates.
For real-estate property tax rates, they divided the “median real-estate tax payment” by the “median home price” in each state.
Coming in at number one is New Jersey with an effective real estate tax rate of 2.47%.
Illinois was ranked second with an effective real estate tax rate of 2.30%.
Rounding out the top three is New Hampshire with 2.20%
Property taxes have been a hot topic for several years as Illinois has consistently ranked as having the highest or second-highest property tax rate in the nation, depending on the source.
Property taxes can have a huge impact when it comes to people deciding whether to move to or leave the state.
In a statement from the Governor JB Pritzker’s Office earlier this year, they say the Governor has made strides in bringing down property taxes, like through pension consolidation and more state funding of schools.