I was looking over my last Real Estate Tax Bill the other day. I live in a $360,000 house in Niles and pay $8,000 per/yr. in taxes. All told, I pay almost $6,000 in education taxes. Growth rate on this category is around 3% year-to-year. Started wondering what my education tax growth rate would look like going out to 2028.
Here's what I found.
My Estimated School Taxes On A $360,000 House In Niles Based on 3% Increase Per/Yr.
|
||||||
Year/ District
|
Oakton
|
D207
|
EMSD63
|
Subtotal
|
Referendum
|
Total
|
2017
|
$219
|
$2,384
|
$3,353
|
$5,956
|
$5,956
|
|
2018
|
$225
|
$2,456
|
$3,454
|
$6,135
|
$400
|
$6,535
|
2019
|
$232
|
$2,530
|
$3,558
|
$6,319
|
$400
|
$6,719
|
2020
|
$239
|
$2,605
|
$3,664
|
$6,509
|
$400
|
$6,909
|
2021
|
$246
|
$2,684
|
$3,774
|
$6,704
|
$400
|
$7,104
|
2022
|
$253
|
$2,764
|
$3,888
|
$6,905
|
$400
|
$7,305
|
2023
|
$261
|
$2,847
|
$4,004
|
$7,112
|
$400
|
$7,512
|
2024
|
$269
|
$2,932
|
$4,124
|
$7,326
|
$400
|
$7,726
|
2025
|
$277
|
$3,020
|
$4,248
|
$7,545
|
$400
|
$7,945
|
2026
|
$285
|
$3,111
|
$4,375
|
$7,772
|
$400
|
$8,172
|
2027
|
$294
|
$3,204
|
$4,507
|
$8,005
|
$400
|
$8,405
|
2028
|
$302
|
$3,301
|
$4,642
|
$8,245
|
$400
|
$8,645
|
=========
|
=========
|
=========
|
=========
|
=========
|
=========
|
|
Totals:
|
$2,882
|
$31,456
|
$44,238
|
$78,397
|
$4,400
|
$82,797
|
Remember the last time your homes went down in value? Do you remember how Cook County automatically lowered your taxes? Neither do I. It's going to happen again.
Did you notice how D207 Administrators and Teachers voluntarily gave up their yearly pay raises for the children? That didn't happen either, and if this Referendum passes, you can expect more of the same.
The Referendum is not about educating anyone, except us.
The Referendum is about shifting $195,000,000 of the general budget (revenue-flow) to the Referendum (revenue-flow) leaving a large bucket of unallocated cash to spend as Administration/Board wishes.
For D207 Taxpayers, if passed, this Referendum is going to be a very expensive education, indeed.
The Wallace/Owen proposal is about perpetrating the oldest political scam around: Create the problem - scare the public - sell the solution.
Create The Problem
|
Withhold $45mm From Maintenance
|
Scare The Public
|
Asbestos or Other Fears
|
Sell The Solution
|
$195,000,000 Referendum
|
Now, I'm certainly wouldn't call these guys shysters, however since D207 and its Board created this "No Pain, No Gain" problem, I suggest we give them three choices.
They can:
- exercise their very expensive minds and fix their self-created problem on their own
- join a 12-step program for profligate spending educators, and someday, come back to us for more money
- simply find something useful to do somewhere else.
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