How much will Amendment 1 cost you?
See how much more you can expect to pay in property taxes if the first question at the top of the Illinois poll passes Nov. 8.
On November 8, Illinois voters will find a constitutional amendment at the top of their ballot titled “Proposed Amendment to the 1970 Illinois Constitution‘, or Amendment 1 for short.
Find out what Amendment 1 could cost you using the calculator below.
How will Amendment 1 affect your property tax bill?
If Illinois voters pass Amendment 1 in November, you can expect to pay increase in property taxes over the next four years.
This tool uses the House Price Index compound annual growth rates for all Federal Housing Finance Agency transactions for Illinois counties from 2010 through 2021 to project future home values through 2026. To project property tax bills through 2026, the tool uses the compound annual growth rate of median property tax rates for Illinois counties, calculated using survey estimates. on the American community from the US Census Bureau over 1 and 5 years from 2010 to 2020.
This is a conservative estimate based on historic home price growth and projected property tax rates if government unions maintain the status quo. However, Amendment 1 would grant government union bosses the the most extreme powers in the nation, including the ability to override state law.
If Amendment 1 passes, Illinois would be forced to finance the ever-increasing cost of these provisions. If government union bosses wield new powers granted by Amendment 1, raising taxes on Illinois could prove far more costly.
The measure would allow government unions to make demands outside the normal framework of negotiations, to strike if their demands are not met, to thwart simple and taxpayer-friendly reforms, to oust government services for vested interests and to exacerbate corruption in Illinois.
This endless loop of unlimited government union demands, higher government costs and rising taxes is probably why no other state has a similar amendment. Illinois voters will decide on November 8 whether or not to insert Amendment 1 into the state constitution, but what they will really decide is the future of their property taxes.