1st Installment of Real Estate Taxes Due in Stephenson County on Friday, June 19!

  Freeport School District does lead in one category – TAXES! For the 2014 real estate taxes payable in 2015 the District leads the way by not only increasing its tax rate, but by the fact that it takes about 60% of your real estate taxes. The tax rate in Freeport is unconscionable, and these rate increases cannot continue. When economic development is discussed, someone should address the fact that high real estate taxes are detrimental to economic development and contribute to declining real estate values. Let’s look at Naperville, Illinois which is often rated as one of the nicest cities in the country. Naperville has a 2014 real estate tax rate of 7.3814 compared to Freeport’s of 12.49685. This means that the owner of a $150,000 owner occupied home in Naperville pays $3,248 in real estate taxes versus $5,498 in Freeport. Draw your own conclusions!

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