21345 W. Williamsburg Court, Kildeer | Zillow
21345 W. Williamsburg Court, Kildeer | Zillow
Illinois' highest-in-the-nation property taxes are eroding home equity and depressing home values across the state. This report is part of a SYHN News Service series on recent home sales that demonstrate the consequences.
The home: 21345 W. Williamsburg Court, Kildeer
The 3,400-square-foot home has 5 bedrooms, 4 baths, a large backyard patio and a finished basement. It was built in 1992.
The seller: Hongii Liu and Jian Xu
The purchase: In October 2016, Liu and Xu paid $595,000 for the home, or $618,393 n today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Liu and Xu sold the home for $578,000 on Jan. 3, or roughly $40,393 less than the original purchase price, in today's dollars.
Liu and Xu originally listed the home for $644,00 in June 2018. They dropped the price in July 2018 to $634,000 and again in August to $619,000. By November 2018, the price was down to $609,900.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Liu and Xu paid $35,696 in property taxes between 2016 and 2017, or an estimated 6 percent of the sale price.
---
The Financial Facts in Today’s Dollars
| Seller's Purchase Price | Amount Home Sold for in 2019 | Seller’s Property Taxes |
| $595,000 | $578,000 | $35,696 |
Alerts Sign-up