8.39% increase in Boone County Taxes?

How is this possible?  Where are the increases?

 

See the statement from the county’s website/Board Doc’s as shown below[https://www.boarddocs.com/il/boone/Board.nsf/files/9DLTUC790A23/$file/Truth%20in%20Taxation%20Hearing_201311191557.pdf]  explains it quite well.

Only 1.7% is an increase in the current tax revenue over last year’s, 3% is because of the Veterans Assistance Commission  referendum and 3.6% is for additional property on the the tax rolls.

Your personal increase in tax for the county should reflect the 1.7% PTELL increase and the 3% VAC.  The additional 3.6% increase in property will not effect you unless your property was not on the tax rolls in prior years.

 

Tax Hearing before County Board Meeting on Wednesday November 20, 2013

The following legal notice appeared in the Boone County Journal on November 8, 2013.

NOTE:  3% of the increase is due to the Veterans Assistance referendum passed in November 2012.

 

Bonus Township Taxes: Rates up markedly; your actual tax dependent upon your change in assessment

The following is from Saturday, October 13, 2012 Rockford Register Star, page A4.

Property values are down; levies up slightly; rates drastically increasing.  Your actual tax dollar paid for township should be closed to the same as last year assuming your assessed valuation has decreased at least as much as the 13.3% decrease in total EAV.

If your assessment is frozen (as many seniors with moderate income,under $55,000) expect sizeable increases in dollars paid for taxes.

Daily Herald | Grayslake group look at challenging property tax process

Interesting article about Grayslake’s Citizens Action Project. 

But assessments are only half of the equation regarding property tax mills, Minsky said.

The other half is the tax levy, the amount of money each school district requests from property taxes.

When the assessed value of property goes down, the tax rate needs to go up to raise the same amount of money for the school district.

Minsky said their mission is to assure the way local entities arrive at their calculations is fair and open

Daily Herald | Grayslake group look at challenging property tax process

Bill Pysson—Candidate for District 100 School Board

Here is some information about myself and why I am running.  For the first time in many years voters are being given some choices.  I thank all the challengers.  I ask that you considered myself and the other new faces for these important positions.  Do remember that there is no monetary payment for these positions so everyone who is running is offering to donate a whole bunch of time.

Here is a pamphlet regarding my candidacy.  You can enlarge it by clicking on it.  Click on the small envelope at the bottom of this posting to email this to your friends.  Check again in a few days and a color version of this ad and a small poster will be available.

 

To share information, email address us at BooneCountyWatchdog.

TAX CAPS AT 0.1%?

The December 2008 Consumer Price Index is out.  If there are no changes to the law, Illinois Department of Revenue should be announcing 0.1% as the tax cap for 2009 taxes (those paid in 2010).  If local government and schools are having a difficult time meeting rising costs just wait to they need to budget for FY 2010, when real estate taxes are capped at nearly zero and property assessments maybe falling.

I thank Cal Skinner and his blog:  www.mchenrycountyblog.com for the graphics.