Illinois Property Tax

[Nick Tzenevrakis]

Hey everybody, I have a question about the prediction of Illinois property tax .  It's no secret that the state is broke, and as a potential investor  of the state, I am wondering if I should be looking into Missouri ? I live in Quincy Illinois,  but am looking for my first rental and Springfield or St Louis. Some of my  mentors have suggested that  property taxes could double in the next  several years and  home values  would be going down in Illinois.  I have no idea,  any thoughts?  Also if you live between Springfield Illinois and St Louis Missouri, where would you invest?

[Brian Schroeder]

Well I live in Springfield Illinois.I must agree that the property taxes are high.I heard that there is only one state that is higher property taxes.I’m not one on statistic’s so I can tell you if that is true for sure.The taxes are so high I can’t see them doubling. I can see the taxes going up with all are corrupt politicians. I don’t know about ST Louis and their property taxes.My question is why don’t you invest in Quincy?I have a friend with property in Quincy that that she rents out.

The irony is, that your thinking about investing here Springfield IL and I have thought about investing in or around the Quincy area.I mainly would like to get something like a getaway cabin, more so that an actual rental.I am not so comfortable with the Idea of a long-distance rental.Have a good day Brian