Preview

Letter To Representative Gov Final

Good Essays
Open Document
Open Document
560 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Letter To Representative Gov Final
42 Jamestown Court
Grayslake, Illinois 60030
December 17, 2014
Mayor Rhett Taylor
Village of Grayslake
10 South Seymour Avenue
Grayslake, Illinois 60030 Re: Lowering Property Taxes Dear Mayor Taylor: I am writing this letter to propose the lowering of property taxes in Grayslake. I come from a family with four kids, all of which are planning to go through or have gone through District 46 and District
127 education. We love everything about Grayslake­­ except one thing: the property taxes are ridiculously high. I want to launch a proposal to you to lower the property taxes for residents in
Grayslake because they cause a burden on the real estate market, therefore preventing Grayslake from expansion and economic growth. Last year in May, the districts determined the property taxes for the following year . As you are aware, the taxes come out to be $10,980.13, and that is based off of a house worth $200,000 (Sysngary 1). As of December 3, 2014, the average property listing price was $219,000(Living in Grayslake 2), which is over the 200,000 figure that is used to calculate tax, therefore the property taxes are even higher for most than the number listed above. The increasingly high property taxes put an extreme burden on the real estate market. I can speak from experience. My family moved from one subdivision in Grayslake to another in Grayslake. We stayed in the same school districts, nothing changed. When we were trying to sell my house, we got nothing but positive feedback. People loved the our home and the area it was in, but when it came down to it, the number one disincentive was the property taxes. This may come off as a biased approach, but I have the facts to back me up. Grayslake is ranked on the list of worst taxes in Illinois and “property taxes in Illinois are the second highest in the nation”
(Sperling 1). According to the urban Institute, “Hawaii homeowners pay one eighth of what Illinois homeowners pay”. To

You May Also Find These Documents Helpful

  • Good Essays

    ch 9-11 tax accounting

    • 1187 Words
    • 5 Pages

    1. Describe the current tax law for sale of residence. Married taxpayers may exclude up to $500,000 of gain upon the sale of their residence and single taxpayers may exclude up to $250,000 of their gain. Taxpayers must own and occupied the residence for two out of the last five years prior to the sale. The exclusion applies to only one sale or exchange every two years.…

    • 1187 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Cited: Smith, E., Harmelink, P., & Hasselback, J. (2014). CCH Federal Taxation: Comprehensive Topics 2015. [VitalSource Bookshelf version].…

    • 2389 Words
    • 9 Pages
    Better Essays
  • Satisfactory Essays

    Carson Manor

    • 258 Words
    • 2 Pages

    Background • Carson Manor remained opened nearly 30 years ago for persons requiring nursing care. • Carson had a bed capacity of 470. • Staff totaled 235 with nonmanagement personnel unionized under the District Service Workers Union Local 325 • Mr. Henry Davis is the City’s director of Social services. • Carson Manor Committee of Management consists of five aldermen who were painted or volunteered to fill these positions. • Ms. Elaine Tylor, director of supply for the city of Winston, was reviewing proposals for the Carson Manor study.…

    • 258 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Ferguson Financial Case

    • 206 Words
    • 1 Page

    •Real estate taxes amount to 1% of the sales price and the insurance premium is .5% of the sales price per year. Calculate the total monthly PITI payment.…

    • 206 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    This article describes the high price for housing in the Bay Area through personal accounts of local citizens. It mentions that with all the "tech-fueled" job growth, more people come to the Bay Area for work. With more people, but still relatively the same amount of housing, the prices for buying…

    • 197 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    single family homes. There were also exclusive nearby attractions for locals. It was also one of…

    • 207 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Baxton Case

    • 988 Words
    • 4 Pages

    before taxes of $1,348,000 off of 1,054 units. 60% of these sales came from the U.S.…

    • 988 Words
    • 4 Pages
    Good Essays
  • Better Essays

    location and had been vacant for a number of years, Daniel estimated the value to be $1.9 million…

    • 1289 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Several states have raised their tax in the past couple of years. “Currently, New York has the highest tax at $4.35,…

    • 908 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Exercise 2

    • 284 Words
    • 2 Pages

    Estimated total cost for the house is $348,000 (2,900 sq. ft. x $120 per foot).…

    • 284 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Tax year is a calendar year but there is a possibility for foreign company to adapt it to its own fiscal year.…

    • 885 Words
    • 4 Pages
    Good Essays
  • Good Essays

    marco economics solution

    • 824 Words
    • 4 Pages

    for a total of 225. Sales of existing homes and apartments are not counted in…

    • 824 Words
    • 4 Pages
    Good Essays
  • Good Essays

    live in. second , they are close to the neighbors. Third , they have gardens. Although , houses in Seattle…

    • 434 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Cxc Geo Sba Outline

    • 776 Words
    • 4 Pages

    No marks are awarded for the acknowledgements. It is your choice to, put in an acknowledgements…

    • 776 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The high cost of housing in Hong Kong recently has attracted international attention once again. Not long after a report in the Economist that suggested Hong Kong was second only to Australia in terms of the extent to which housing is overpriced, a CNN video story, "Feeling Hong Kong's Property Boom," cited record low interest rates, lack of buildable land in a city of 7 million population, and hot money from the Chinese mainland, as driving forces behind the local housing boom. Regrettably, the recent punitive stamp duty on homes resold within two years of the original purchase is yet another factor, because homebuyers, trying to avoid the tax, effectively are keeping their units away from the market for at least two years. An unintended consequence of the policy to clamp down on speculation has artificially reduced supply and actually added fuel to the fire.…

    • 901 Words
    • 4 Pages
    Powerful Essays

Related Topics