Amendment 1 guarantees $2,149 property tax hike for typical Illinois family
Increase in projected average property tax bill relative to 2022
Uses compound annual growth rates in home prices as reported by the All-Transactions House Price Index for Illinois from 2010-2021 to project future average home values through 2026. Uses compounded annual growth rate in average property taxes as calculated by U.S. Census Bureau for 2010-2019 to project property taxes through 2025.
Source:U.S. Census Bureau, U.S. Federal Housing Finance Agency