– Illinois the grade of “F” because it ranks second in the nation behind New Jersey for the highest property taxes.
“An ‘F’ is too high. Except for New Jersey, Illinois ranks at the rock bottom when it comes to tax friendliness,” Bandoch said. Ninety-seven percent of the people who moved out of Illinois in the past year relocated to states with lower tax rates, Bandoch said. The Money Geek survey found that a typical middle-class family in Illinois pays $9,524 more a year in taxes than a typical family in Nevada, the lowest-tax state, pays.“Nearly one-third of Illinois households are considered ‘housing burdened’ because they pay at least 30% of their income on housing,” he said. “There is a clear connection there as to why families and businesses are leaving Illinois. It is unsustainable.