To the Editor:
I would like to thank Editor John Etheredge for the interesting page on property taxes in last week’s (May 11) Oswego Ledger. However, I have to take our good editor to task. While it is true the median taxes paid on homes in Kendall County are lower than taxes paid in Lake and DuPage counties, he failed to point out that it is because the homes in those counties are more expensive than homes in Kendall County.
A more pertinent gauge is the actual tax rate. The average actual tax rate in Kendall County is 2.16 percent of a home’s value. DuPage County tax rate is just 1.71 percent. Cook County is 1.38 percent.
Now let’s take a look at the example Mr. Etheredge offered. A single-family home on Buckskin Drive in Oswego with an assessed value of $77,000. This means the fair market value of this house is $231,000. ($77,000 X 3). A tax bill of $8,408 is 3.6 percent of the home’s value, more than twice the rate of DuPage County.
I fared a little better on my own tax bill, I have to pay 3.3 percent of my home’s value in property taxes. I am being taxed by 10 different governmental entities. Where does one begin to protest? It’s time we all check our actual tax rates and don’t be fooled when we’re told it’s not so bad. You will find it difficult to find any place in the United States that has a higher property tax rate than Oswego, Illinois.