Fire District Property Taxes Increased Over 96%
A friend of McHenry County Blog compiled the information explaining McHenry County Taxes in correlation to the Consumer Price Index.
Today McHenry County Blog is revealing numbers for Fire Districts
Part 1 on McHenry County numbers can be found here: Comparing McHenry County Propery Tax 2002 Versus 2016-Part 1.
Part 2 on Library & Park district numbers can be found here: Comparing Library and Park District Tax 2002 Versus 2016-Part 2.
In summary from 2002 to 2016:
The Consumer Price Index (CPI) has increased by 33.8%.
County Population increased by 10.55%.
County Assessments have increased 29.44%.
Fire District tax collections increased by 96.67%.
A levy increase more than 33.8% and identifies government bodies that are living beyond the taxpayers’ ability to pay OR the voters approved referendums which increased levies.
McHenry County Blog recently reported McHenry Township firefighters pension is funded 515%.
In 2014 McHenry Township firefighters pension was funded 1,745%.
It was also found that in 2014 McHenry County taxpayers were on the hook for over $130,000,000 for underfunded police and fire pensions: McHenry County Taxpayers Owe Over $130 Million for Underfunded Police and Fire Pensions…as of Two Years Ago
The contents of the table below were extracted from the McHenry County display of property taxes for 2002 and 2016.