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Market Watch: Casey and Gary Kozlowski lose over $420,000 on sale of Barrington home

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: 736 Highland Ave., Barrington

The 2,700-square-foot home has 5 bedrooms, 5 baths, high ceilings, hardwoods and is in a great location.

The seller: Casey L. and Gary M. Kozlowski

The seller: Casey L. and Gary M. Kozlowski

The purchase: In September 2006, the Kozlowskis paid $797,000 for the home, or roughly $986,854 in today's dollars, according to the U.S. Bureau of Labor Statistics. 

The sale: According to Zillow, the Kozlowskis sold the home for $566,500, or approximately $420,354 less than the original purchase price, in today's dollars.

The Kozlowskis originally listed the home for $725,000 in early June 2017 and by mid-June they dropped the price to $698,000. In June 2018, the price dropped again to $669,000 and again in September 2018 to $624,900. The price decreased again in October 2018 to $598,000 and dipped again in November 2018 to $589,000.

The property taxes: Based on data compiled from and Zillow, the Kozlowskis paid $116,766 in property taxes between 2007 and 2017, or about 20.61 percent of the sale price. 


The Financial Facts in Today’s Dollars

Seller's Purchase PriceAmount Home Sold for in 2019Seller’s Property Taxes

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