Final answer:
In Illinois, real estate taxes are a lien against the property itself, reflecting the value of the real estate and impacting tax revenue for local governments.
Step-by-step explanation:
In Illinois, real estate taxes are a lien against c) the property. Real estate taxes are based on the value of real estate held by an individual or corporation and are imposed by local governments to raise revenue. The property tax is a proportional tax rate applied to the established value of the property, making the actual property the subject of the lien rather than the individuals associated with it, such as the property owner or the mortgagee.
Property taxes can be highly visible and unpopular due to their lump sum collection method, and local government's reliance on property tax revenue can vary with the economic health of the area, the quality of school districts, and the desirability of the state or municipality.