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/biz/ - Business & Finance

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File: 126 KB, 905x941, chicago-property tax.jpg [View same] [iqdb] [saucenao] [google]
25441921 No.25441921 [Reply] [Original]

>looking to buy a house outside chicago borders
>huge empty lot of land in an otherwise full neighborhood right next to house
>area is at least 70 years old so its old land
>fucking EIGHTEEN THOUSAND dollars in property tax
>owner wants 100K when average house in that area sells for about 200K
how do you get around the property tax jew?

>> No.25442031

>how do you get around property tax jew
You dont.

>> No.25442058

>>25441921
What kind of tax rate is that?

>> No.25442060

>>25441921
why did this shithole of a piece of land lose nearly 40% of it's value in 15 years? How did you manage to find the single piece of land in the continental US that has devalued in a decade and a half?

>> No.25442080

>>25442058
I think counties do that to encourage development

>> No.25442116
File: 1.13 MB, 636x669, file.png [View same] [iqdb] [saucenao] [google]
25442116

>>25442060
beats me. the house i want to buy is only 175 next to it and the taxes on that house are $1500 . Just thought it would be nice to buy the lot and have a nice open area next to me but for 100K for an empty lot and 18K in taxes sounds like bullshit

>> No.25442154

>>25442060
Niggers

>> No.25442165

>>25441921
why do you think an empty lot is only 100k near chicago?

>> No.25442167

>>25442154
literally the only possible answer

>> No.25442170

Lmao so even owning land is a meme. Government just comes along and 10xs your land tax.

I’m guessing someone in city hall was bribed and a third party has their eyes on it for development.

>> No.25442175

Is it a tax lien? I don’t know shit about this stuff but that would be my best guess. It wouldn’t be the yearly rate just the buildup of unpaid taxes

>> No.25442176

>>25442060
illinois property taxes are insane, illinois is one of the few states that is actually losing population

>> No.25442246

depends on your local laws but you could put that fucker in some type of conservation easement and use it as a community garden if you just want a big ass lawn to look at. You couldn't pay me to live like that. Fuck neighbors.

>> No.25442266
File: 897 KB, 1270x1226, file.png [View same] [iqdb] [saucenao] [google]
25442266

>>25442165
>>25442154
>>25442246

its not that close to downtown. Oaklawn is a mostly white/safe area right now. Nigs are all up and over as noted by dozens of 10K lots.

>> No.25442269

>>25442170
not on ag and forestry. buy a forest faggot.

>> No.25442297

>>25442266
excellent map

>> No.25442328
File: 569 KB, 1365x1257, chicago2.jpg [View same] [iqdb] [saucenao] [google]
25442328

>>25442297
here's a more general one in case someone wants to know what to avoid

>> No.25442329

>>25442266
how's oak park?

>> No.25442452
File: 1.38 MB, 1522x1021, file.png [View same] [iqdb] [saucenao] [google]
25442452

>>25442329
Oak Park is mostly rich whites and a lot of Frank Lloyd Wright Houses. between OP and down is nig city but the area close to the loop is currently being gentrified. map is best guesses

>> No.25442492

>>25442452
Thanks for the info

>> No.25442554

>>25442492
ive lived in bridgeport for 6 years which is a fiecely oldschool italian area who wont let blacks or gentrifiers fuck shit up.
If you had to live close to the city and cant afford north side live here.
if you have money and want to live on the edge of the city look at oak park area.
if you dont have money and want to live on the edge of the city look south near burbank, summit, hometown etc

>> No.25442565

>>25441921
I don't get it. Isn't prop tax in IL at 2%?

>> No.25442624
File: 165 KB, 1105x1030, file.png [View same] [iqdb] [saucenao] [google]
25442624

>>25442175
>>25442565
Oak Lawn is in Cook County which is nearly as corrupt as Chicago is.

Looked up the property deed info and saw that taxes are much lower so I have no idea where zillow is getting its info from

>> No.25442644

>>25442554
i only asked because im trying to fuck this girl who's originally from oak park

>> No.25442670

>>25442644
kek well if shes white theres a good chance she has a good background and possibly rich family if that matters. good luck bro

>> No.25442831

>>25442624
Maybe the app added an additional 0?

>> No.25442884

>>25442624
Maybe check this website https://www.cookcountyclerk.com/service/delinquent-property-tax-search

>> No.25442946
File: 31 KB, 474x373, file.png [View same] [iqdb] [saucenao] [google]
25442946

>>25442831
possible. if you remove the last digit its more consistent trending up
>>25442884
no deliquent taxes so im guessing its just a flub.

still. i know a couple who bought their corner lot in 2018 for 30K in the city of chicago just a few miles north so they mustve been incredibly lucky

>> No.25442977
File: 747 KB, 851x683, file.png [View same] [iqdb] [saucenao] [google]
25442977

>>25442946
pic related. land isnt much smaller and its also a corner lot

>> No.25442981

>>25442624
Zillow is all automated shit and can get fucked up. Talk to a realtor.

>> No.25442984

>>25442058
>What kind of tax rate is that?
that's the commercial tax rate. Whoever owned it used it for commercial purposes and paid 10X taxes for the privilege

it's almost like /biz/ has no clue about running a /biz/

>> No.25443490
File: 32 KB, 657x527, 558.jpg [View same] [iqdb] [saucenao] [google]
25443490

>>25442269
>buy a forest faggot.

>> No.25444414

>>25443490
amazon should do