Posted on 11/25/2016 7:43:51 AM PST by Lorianne
Donors will get under the table bailouts. Don’t worry about them.
If she’s old enough her property taxes should be frozen (unfortunately, they are frozen at already-high levels).
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It depends on where she lives in Illinois, property taxes here are assessed at the county level. My property tax is relatively low.
She’s in NJ; our combined municipal and county taxes are high throughout the state...
Appreciate the correction.
I live in central Illinois, moved into my current home in 1994, low tax when I moved in and the tax actually decreased significantly from original tax, when I turned 65, 6 years ago.
I’m glad that turned out that way for you; here in NJ they’ll freeze your taxes at 65, but since they are already among the highest in the nation many retirees can’t stay in their homes. Also, you have to pay a current tax rate up front and receive a refund the following year of the difference between the current taxes and your frozen level.
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