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Updated almost 2 years ago,

User Stats

51
Posts
18
Votes
Jordan Gerkin
Pro Member
  • Investor
  • Midwest
18
Votes |
51
Posts

Property Taxes Increased by more than double

Jordan Gerkin
Pro Member
  • Investor
  • Midwest
Posted

Hi Everyone, 

I’m sure there are others dealing with the same thing, at least in Illinois anyways, but is it normal for your property taxes to increase by more than double in one year?? I understand they will increase every so often, but I bought this property March of 2020 and now for 2023, my taxes are going to be more than double due to the area having a re assessment on rental properties. 

Any info would be greatly appreciated!


Thanks!


  • Jordan Gerkin
  • Loading replies...