Taxes go way up and way down in 2 Boone County taxing districts - Rockford, IL - Rockford Register Star

Jennifer Wheeler

 

Decreased property values have not stopped most of Boone County’s taxing bodies from requesting more money from property owners.

Thirty-five of the 51 taxing bodies – 68 percent – asked for more money than they did last year while just 14 asked for less, according to a Rockford Register Star analysis. Two entities were unchanged.

Here’s a look at two compelling rising and falling tax trends in the county, and the reasons behind those changes.

BELVIDERE TOWNSHIP

Township leaders gave residents a financial break this year by drastically lowering property taxes by more than 15 percent.

BELVIDERE

A 2012 computing error that cost Belvidere leaders hundreds of thousands of dollars in property tax revenue will hit residents’ wallets this year.

The city only received $4.1 million of its $4.3 million levy request last year. Leaders expected to receive the full amount since it was no longer under tax caps.

To make up for the shortfall, officials agreed to levy the lost $202,000 and an additional $140,000 to cover this cycle’s expenses.

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