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How would you like a McHenry County real estate tax bill on your home for $17,068.71? And that's just for one-half of the year's bill?
Yesterday I was out for a motorcycle ride and took the "scenic route" from Marengo to Woodstock. Passing through Union, I continued east on Coral Road and wound around until it ended at Seeman Road. There is a huge house on that corner; I mean, huge!
From McHenry County tax records, it appears to be bank-owned now, and taxes on it have been sold. The 2011 tax bill?
$17,068.71 due June 11, 2012. (That's the first half of the tax bill.)
School District 158 will rake in $21,811.04 for the year.
The house and property are assessed at $493,107, but a Fair Cash Value is not given on the tax notice. Usually that is three times the Assessed Valuation. In today's market? I doubt it.
Who is going to buy a house with a $34,000/year tax bill???
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