Thursday, December 13, 2012
The District 300 Board of Education approved the tax levy increase on Monday.
Thursday, December 13, 2012
Most property owners in District 300 can expect to pay more in taxes after the District 300 board of education approved a $20 million increase to its property tax levy during Monday's meeting, according to the Northwest Herald. The levy increase "is tied to declining state funding, increasing government mandates and rising student enrollment," according to the article. Projections show the increase will mean the owner of a $200,000 home will pay the schools district $144 in property taxes in 2013, according to the NW Herald.
Tuesday, October 16, 2012
The Algonquin Committee of a Whole met last Tuesday.
The Algonquin Village Board will vote Tuesday on whether to decrease the property tax levy in Algonquin by 1 percent. Last year the board OK’d a 1 percent decrease in the tax levy and village manager William Ganek said he would like to see Algonquin continue with that trend. He also explained during theTuesday committee of a whole meeting that even if Algonquin decreases its levy, that does not mean the property tax rate will essentially go down. Other taxing bodies, Ganek said, can ask for as much as a five percent increase in the levy. But he said if the levy decrease is approved, the amount Algonquin will get from property taxes in 2013 will be 1 percent less. With the economy and housing market still struggling, Algonquin Finance …
Thursday, November 10, 2011
The Village Board will vote Thursday on the proposed decrease.
For the first time in recent years, village officials are considering a decrease in the property tax levy extension for the upcoming year. Lake in the Hills Village Board , during its committee of the whole meeting Tuesday, agreed to place a resolution estimating the 2011 tax levy at $5.56 million on the Village Board agenda for Thursday night. The levy represents a 1.2 percent decrease from the 2010 tax extension of $5.62 million, said village Finance Director Peter Stefan. The proposed decrease is the first in as many as 19 years, according to a village property trend analysis. Stefan said the decrease was possible because Lake in the Hills has seen a slight increase in sales tax revenues, about 10 percent, according to the Illinois …
Wednesday, December 15, 2010
Levy reflects increase to property taxes
Community High School District 155 unanimously approved the passage of the 2010 tax levy at its Dec. 14 board meeting. The levy reflects a 4.3 percent increase in the school district portion of property tax bills for residents of the district which includes Cary-Grove High School, Prairie Ridge High School and Crystal Lake south and central high schools, but will likely yield 3.4 percent additional revenue. Assistant Superintendent Business and Finance John Lutsch advised the increase would mean a homeowner with a $200,000 home would pay approximately $33 more next year over this year's tax bill. For the owner of a $300,000 home it would mean a $54 increase. The funds brought in by the tax levy will fund the 2011- 2012 school year budget. …