Over the past month, property taxes skyrocketed in Montgomery County. A woman in Hillsboro, saw her timberland property taxes catapult from $750 per year to $10,000 after a land assessment. This increase stemmed from a 2007 Illinois law that requires farmland and timberland to be taxed at the same rate of homes.
State Representative Wayne Rosenthal issued the following statement after joining residents and leaders at a Montgomery County Board meeting:
“The 2007 law, if applied would be devastating for many families across Montgomery County, and possibly force homeowners to sell their property,” said Rep. Rosenthal. “I’m confident that the Illinois General Assembly and the Ad Hoc Committee can work together to establish a long-term solution that eliminates risks of future assessments that would lead to unintended consequences.”
Montgomery County Board Chairman Doug Donaldson announced property taxes hikes stemming from the 2007 law will not go into effect and that an ad hoc committee will explore the issue. Read more about the shocking news here.
Protecting Our Small-Town Way of Life
State Representative Wayne Rosenthal says wasteful spending, lack of opportunity in the job market and high taxes are threatening the values of small-town communities. Illinois is losing population as families seek better opportunities in other states. Rep. Rosenthal supports measures that would protect hard-working families, their way of life, and keep them in Illinois. Read more…
