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Chicago = 10.25%

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Old Jul 1, 2008 | 02:09 PM
  #11  
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brtecson
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If they could figure out a way to make the prositutes on cicero ave impose sales tax on their dates, the sales tax wouldn't have to be so high :dunno:
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Old Jul 1, 2008 | 02:24 PM
  #12  
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Originally Posted by RB
I can only assume the author of that article has the journalistic integrity to compare similar figures; removing all state and various other taxes.
The "less than 8.3 percent" figure for LA would indicate they didn't. Though factually correct either way (7.25% state + 1% LA county, is "less than" 8.3 no matter which portion you look at), he would have said 1% for LA if comparing like figures properly.
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Old Jul 1, 2008 | 03:19 PM
  #13  
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Originally Posted by HawtPants
i wonder if chicagoans get high sales tax but lower property/income tax?
Cook County uses a property tax assessment equalization factor near 2. They under-assess the value of your home and property. While you think this saves you, it doesn't. Your property is worth more, but you can't get more because the County assesses it low.

Hop into the Chicagoland suburbs, and the tax assessment equalization factor ranges from 1 to 1.5. In Lake County, they over-assess the value of your home and property. You then have to go through a lengthy bureaucratic appeal process full of red-tape to try to lower your assessment. I'd say you have a 1 in 8 chance of winning the appeal.

It helps when good old e3NiNe there went to high-school with one of the people who work in the township assessor's office

State income tax is separate from state/county/local sales taxes.

Last edited by Megatron; Jul 1, 2008 at 03:25 PM.
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