South Side Homeowner Urges Support for Property Tax Relief Referendum
A 77-year-old South Side resident, Hattie Knazze, is facing a 115% property tax hike, threatening to take away the home she’s lived in for 25 years.
Hattie was taken aback when she opened her latest property tax bill. With a staggering increase of 115%, jumping from $2,262 to over $6,300, she felt overwhelmed about how she would manage to keep her home.
A Call for Change
Hattie’s situation is not unique; neighborhoods like South Shore are grappling with similar challenges as property taxes soar. She expresses concern about the assessment process, noting that many property transactions in her area are cash deals, which can distort actual property values.
“How can they justify such increases? Who’s checking these numbers?” she asks, highlighting the frustration many feel about the lack of transparency in the assessment process.
A Proposal for Relief
Illinois has one of the highest property tax rates in the nation, second only to New Jersey. Many people call for change, and Hattie believes a property tax relief referendum on the ballot could be a crucial step forward. This referendum proposes a 3% surcharge on millionaires in the state, aiming to generate around $4.5 billion to support property tax relief.
“The people of Illinois need this. We need to give everyday folks a fighting chance to keep their homes,” she declared.
The Impact of Rising Property Taxes
The impact of rising property taxes is severe, particularly in South Shore, where investment companies own a significant percentage of homes. These companies often prioritize profit over community stability, further complicating Hattie’s situation.
“If I can’t pay my taxes, I’ll lose my home. Where will I go? This is not just about me; it affects my nephew too,” she says, stressing the issue’s urgency.
A Solution for the Future
Hattie has voiced the need for systemic change. She says that the referendum provides relief and ensures that funds for property tax relief are mandated by law, making it a more reliable solution. “This is about fairness. We’re not asking for handouts, just a fair chance to keep our homes,” she insists.
Conclusion
Hattie’s story is a testament to the struggles many South Side residents face as they grapple with rising property taxes. Her determination to spread the word about the referendum and the need for change is a call to action for all residents of Illinois. By voting for this referendum, residents can reclaim control over their financial futures and safeguard their homes for generations to come.
Frequently Asked Questions
Q: What is the property tax relief referendum?
A: The referendum proposes a 3% surcharge on millionaires in the state, aiming to generate around $4.5 billion to support property tax relief.
Q: How will this relief be used?
A: The funds generated from the surcharge will be used to support property tax relief, providing much-needed assistance to homeowners like Hattie Knazze.
Q: Why is this important for the residents of Illinois?
A: This referendum is crucial for the residents of Illinois, as it provides a chance for everyday people to keep their homes and rebuild their lives. It’s a step towards fairness and a more stable future for Illinois residents.
Q: What can I do to support this cause?
A: You can support this cause by voting for the property tax relief referendum on the upcoming ballot and spreading the word about the importance of this issue. Every voice matters, and together, we can make a difference.
