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You could purchase one of three comparably priced homes for right around $200,000 in Batavia, Geneva or St. Charles. Which would you choose?
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News Analysis: Recent articles indicate property values are declining, foreclosures are on the rise and a tax base is shrinking, while local government continues to collect more.
As Washington pundits and politicians debate a federal "fiscal cliff" at the end of the year, Genevans may be facing a similar crisis without realizing it: the one-two punch of declining property values and increasing property tax demands by local government. Anecdotal evidence and recent articles hint that at least some Genevans are being taxed out of their homes. An excellent article in Sunday's Daily Herald points out some staggering numbers, and the headline is more than enough to capture your attention: "Local property tax levies up $3.5 billion since '05." That number again: $3.5 billion. Meanwhile, the average price of a Geneva home fell by 23.8 percent year over year for the month of October. Obviously, that's just one month, but …
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8:56 am on Thursday, November 29, 2012
It was surprising that the turnout was so low for the last school board meeting. How quickly we went from two hundred plus to a handful. Granted the teachers attending during negotiations inflated numbers it's still a bit discouraging that so many checked out of the process so quickly. I'd encourage everyone to engage the process. Regardless of your position the board needs to hear the voices of …   more ›
glenn
10:07 pm on Monday, April 15, 2013
What are the taxes for each home?   more ›