Why is property taxes in arrears unattractive?

[Trevor Bond]

Hi,

I currently go to school in Illinois and l understand that this state has property taxes in arrears. As a rookie investor l have heard that is unattractive. I am wondering why? The principle of putting off debt until later sounds like a good idea…. I am confused on this and could use some help.

While I’m here what makes a state unnatractive to invest in (other than high property taxes) compared to other states?

Thank you and God Bless!

[Jonathan Klemm]

@Trevor Bond - I personally don't think it matters when you pay your taxes or rather I think that's a small-potatoes item to be worried about.  To answer your question I'd rather pay my taxes in arrears so I can keep my money longer and invest it elsewhere...I would look at it similarly to how much money you want to be taken out of your W2 job.  It's more of a preference would you rather have them take less and invest that money but then get a bigger bill when you pay taxes or would you rather have them take out more now so you don't have to worry about it later.   - Not the perfect example but hopefully you get the point.

I think the right answer for a savvy investor is to keep their money from the government as long as possible...and leverage it.  I am here in Chicago so you know Illinois is going to get their tax money, but for me, it is what is and if the numbers work, you are Gucci haha.