Jay Kinzler views the plan to raise annual property taxes by nearly 50 percent for DuPage County residents in each of the next 30 years as part of a sinister plot to keep frustrated residents trapped in Illinois.
“This tax will immediately devalue the home value as sellers will have difficulty finding buyers who can afford the tax bill,” Kinzler told the DuPage Policy Journal. “These government bureaucrats are intentionally devaluing residents’ homes to punish them if they sell their home to leave the state because of the burdensome taxes.”
The DuPage Policy Journal previously reported voters will have a chance to have their say on the Federal Reserve proposed legislation in November’s general election. The proposal also calls for all the money raised from the increases to be applied toward the state’s pension debt.
“Illinois residents already pay the highest property taxes in the U.S,” said Kinzler, running against Rep. Deb Conroy (D-Villa Park) in the 46th House District. “Now we will pay more. The owner of a $300,000 house who now pays $9,000 per year will pay $12,000. That’s a 33-percent increase. This tax will immediately devalue the home value as sellers will have difficulty finding buyers who can afford the tax bill.”
Kinzler doesn’t see how the measure will do what it is intended for, he said.
“Even with this new tax, we will never be able to pay the pension debt without reforming the broken and corrupt pension system,” Kinzler said. “The bureaucrats will have to raise taxes again and again.”
As it is, Illinois homeowners now pay an average of 2.67 percent of their home’s value in property taxes.
“When more people leave the state because they can’t afford these high taxes, there will be even fewer taxpayers remaining to help carry the load,” Kinzler said.
Kinzler said there is only one way to slow the trend and make more taxpayers comfortable with continuing to call Illinois home.
“Help me win our election, depose (Mike) Madigan as Speaker of the House,” he said. “Show those taxpayers and businesses ready to leave the state some reform and get them to stay and help stimulate the local economy and we can grow ourselves out of the mess establishment career politicians got us in.”
The 46th House District includes all or parts of Addison, Bloomingdale, Carol Stream, Glen Ellyn, Glendale Heights, Hanover Park, Lombard and Villa Park.