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In second place, Rockford, IL—about 90 miles west of Chicago—homeowners pay a median 2.46% of their $140,300 home values in taxes, or $3,452 annually. Median annual real estate taxes top ...
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
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