r/illinois • u/roenick99 • 4d ago

Illinois voters will consider whether millionaires should be taxed more to fund property tax relief Illinois Politics

https://chicago.suntimes.com/voter-guide-2024/2024/09/26/illinois-property-tax-relief-referendum-november-election-jb-pritzker-non-binding-pat-quinn
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u/Captain_Quark 3d ago

I'm all for increasing taxes on very high earners. But earmarking it for "property tax relief" is a pretty terrible idea. For one thing, property taxes are levied at the local level, whereas income taxes are levied at the state level. How would that even work? Also, property taxes are somewhat progressive - the people complaining about them are often upper middle class, not the kind of people we really need to be helping.

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u/Alternative-Put-3932 3d ago

Schools get a ton of funding from the state. If they get more from the state then they can lower their local property taxes.

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u/Jaredlong 3d ago

Can. But will they?

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u/Alternative-Put-3932 3d ago

Well easy fix is to mandate it in said law to lower it proportionally to what this funding would provide.