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Ptax 340 Tazewell Co Illinois Form

Ptax 340 Tazewell Co Illinois Form

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BUSINESS. >> PROPERTY TAXES UP FOR MANY OF US. THE TEAM LOOKING FOR ONE CASE WHERE THEIR MODEST APARTMENT COMPLEX COULD GO BANKRUPT. THEY ARE FACED WITH A 440% INCREASE IN PROPERTY TAX. THIS APARTMENT WILL COST MICHAEL $17,494 IN PROPERTY TAXES FOR ONE YEAR. >> THE BUILDING HAS GONE NEGATIVE BETWEEN THE BILLS. >> HE AND HIS MOTHER OWNED THIS APARTMENT COMPLEX. LAST YEAR'S TAX BILL WAS $23,674. THE SAME 10 UNITS ARE 128,000 $282 THIS YEAR. UP 440%. >> THESE ARE BASICALLY ONE-BEDROOM APARTMENTS FOR PEOPLE FROM A COLLEGE GRADUATE DOWNTOWN. >> THE INCREASES FROM THE LATEST INSTALLMENT OF TAX BILLS AT THE BEGINNING OF DECEMBER. THE PAYMENT DUE BEFORE THE END OF THE YEAR. IN A FEW MONTHS, ANOTHER INSTALLMENT OF TAXES DUE. >> MERRY CHRISTMAS, HAPPY VALENTINE'S DAY. >> THE ONLY WAY TO PAY FOR THE TAX HIKE WOULD BE TO RAISE RENT ON THE ONE-BEDROOM APARTMENTS. THE INCREASE WOULD SCARE RENTERS AWAY. >> TO PAY ALL THE BILLS. NO ONE IN THEIR RIGHT MIND WILL PAY FOR IT. >>>> HIS ATTORNEY IS APPEALIN

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