Counties Of Will Dupage And Lake Will Take It On The Chin

Counties Of Will Dupage And Lake Will Take It On The Chin

I'm not one to climb aboard bandwagons, but in this case the citizens of Illinois are facing serious consequences if the new tax cuts are passed.


There has been a lot of discussion among my colleagues about resisting this move by congress. While I will not publically approve or denounce this proposed action by Congress, I do know that if it passes into law , current resident home owners of all the collar counties of Cook will see a negative impact on valuations. It has been argued, for and against, valuations dropping since the details have been revealed. I'd like you to draw your own conclusions. Be an informed citizen. Read all you can about this and understand why this is being debated. In that spirit, here is one article from Crain's Chicago about what might happen:

http://www.chicagobusiness.com/realestate/20171212/CRED0701/171219977/chicago-area-home-values-among-hardest-hit-by-tax-bill

If you would like guidance with your real estate questions, please contact me:

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Phone: 630-343-9839
Dated: December 12th 2017
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