Why a property tax freeze is a no good, very bad idea for Illinois towns

Image courtesy of Advantax.

This spring, Illinois lawmakers are considering proposals to permanently freeze property taxes throughout the state. Not surprisingly, the idea is gaining steam among both Republicans and Democrats.

You may be asking yourself: Why wouldn’t all local mayors support a permanent property tax freeze as well?

Selling the concept of a property tax freeze to homeowners isn’t hard. After all, who wants their tax bill to rise? But it’s imperative to move beyond the sound bites and misinformation to really understand the implications of a property tax freeze and the challenges it poses…Please click here to read the opinion piece published in Crain’s.