The Nation: Tax Heaven

The name itself, Rolling Meadows, is redolent of Elysium. For its taxpayers, Rolling Meadows, Ill., is heaven: the city property tax has been abolished. The small (pop. 19,000) Chicago suburb is a beneficiary of an Illinois law that allows municipalities to collect a portion of state sales tax on goods billed within the community. With the $1.2 million collected each year on the sales of products of such corporate neighbors as Western Electric and Hallicrafters, which have sales offices there, Rolling Meadows does better than make ends meet.

The city has put its policemen in air-conditioned patrol cars, abated $115,000 in municipal...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!