Townships Average 37.20% Increase in Tax Levy
Today McHenry County Blog is revealing numbers for Townships.
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%.
Township tax collections increased by 37.20%.
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.
- Greenwood and Richmond Townships are the top tax increasers at more than 79%.
- Alden, Coral and Marengo Townships are at the lower end of tax increases, all have stayed below CPI with levy increases less than 15%
- Heartland Township has actually reduced their levy since 2002—with a reduction of 1.89%
The contents of the table below were extracted from the McHenry County display of property taxes for 2002 and 2016.
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.
Part 3 on Fire district numbers can be found here: Comparing Fire District Tax 2002 Versus 2016-Part 3
Part 4 on School district numbers can be found here: Comparing School District Property Taxes 2002 Through 2016-Part 4