Household Pressure
The Financial Pressure Is Real
The Census Bureau estimates Rockford’s median household
income at $54,752, while approximately 21.3% of residents
live below the poverty line. These figures demonstrate why
city officials must consider the effect of every tax, fee,
and utility increase on household budgets.
Source: U.S. Census Bureau QuickFacts
Property Taxes
Protecting Homeownership and Investment
High property taxes can make homeownership less attainable,
discourage investment, reduce the marketability of
properties, and diminish the value of what is often a
family’s most important financial asset.
Real relief requires spending discipline, economic growth,
and a broader tax base.