Local School & Tax Districts Not Bragging about Lower Tax Rates

Notice how you don’t see any local governmental or school district officials bragging about how much their tax rate had gone down?

That’s because tax rates didn’t decrease this year.

For almost the past two decades, the Property Tax Cap forced rates down. That’s because when property values exceeded the cost of living, the local tax districts were prevented from grabbing everything they could, as was the case before the Tax Cap was imposed by the General Assembly.

The tax “take” was limited to an increase equal to the increase in the CPI, plus any new growth.

Not a lot of new growth this year and the three-year average used to measure the assessment level must have stabilized.

That means to get the same amount of money, plus the allowed increase in the CPI, rates had to be increased.

There was no problem in doing that because any tax district with a maximum rate was under it, a result of the tax cap having forced rates down during the 1990′s and since 2000.

My tax rates in the Algonquin Township part of Lakewood, for instance, increased from $7.136457 dollars per $100 of assessed valuation to $7.279611 per $100. That’s up about 2%.

When I was McHenry County Treasurer from 1966-1970, people could figure that out without pulling out last year’s tax bill.

Not now.

Below you see the percentage increase in tax rates for my tax districts. The percentage increase is followed by the name of the local government. Next are last year’s and this year’s tax rates.

+ 0.36% – McHenry County – .639746 – .642081
+19.4% – Pension .061674 – .073638
+ 2.5% – McHenry Count Conservation District – .173161 – .1775
+1.9% – McHenry County College – .268863 – .2739
+0% – Pension .00001 – .00001
+2.1% – School Dist. 47 – 2.55923 – 2.611895
+1.9% – Pension .114432 – .116611
+2.2% – School Dist. 155 – 1.813531 – 1.853284
+1.8% – Pension .051226 – .052157
+2.2% – CL Park .315696 – .322605
-4.3% – Pension .030612 – .029299
+1.7% – Algonquin Twp .05224 – .05315
+1%Alg Twp Rd & Bridge .110611 – .111759
+19.1% – Pension .004509 – .005371
+1.8% – Lakewood .873561 – .896806
-11.7% – Pension .066893 – .05905


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