Village of Algonquin Freezes Real Estate Tax Levy

A press release from the Village of Algonquin:

ALGONQUIN, IL – The Algonquin Village Board unanimously approved freezing the current property tax levy for the 2019 tax year at their meeting on November 19. 

The $5.6 million property tax levy, which is payable by property owners in 2020, is below 2008 levels.

“Operating within our means has always been a top priority for our Village Board” said Village President John Schmitt. 

“While we are managing our operating costs well, we continue to make sound investments in infrastructure and transportation that will help fuel the growth of our local economy for years to come.”

The Village of Algonquin’s property tax rate, which is projected to decrease five percent from last year due to positive growth in the tax base, ranks among the lowest for a municipality in the regional area. 

The Village receives approximately $0.06 of every $1.00 paid in property taxes, or six percent of a resident’s overall tax bill, with the remainder being paid to other taxing bodies such as schools, counties, and other special districts. 

“We’ve been able to responsibly ease the Village’s portion of property tax bills while still appropriately funding our long-term obligations and making wise investments in our infrastructure” said Schmitt.

The approval of the flat property tax levy for 2019 comes on top of $834,000 of property tax abatements for outstanding bond issues approved by the Village Board in earlier in November.

For more information regarding Village of Algonquin financial information, please visit


Village of Algonquin Freezes Real Estate Tax Levy — 6 Comments

  1. A flat levy is a big victory.

    Like wow, man, it’s a Red Letter Day.

    Thanks for not fleecing more than you did last year.

  2. Due to underfunded pensions the village has not operated within its means for decades.

    The village, as most taxing districts in Illinois with public sector pensions, has not properly funded its pensions.


    You can see the villages pension debt in their Fiscal Year 2019 (FY 2019) Comprehensive Annual Financial Report (CAFR).

    IMRF: $5,478,935 (83% funded)

    Police: $15,199,572 (68% funded).

    Total pension debt: $20,678,507.


    So the village froze the property tax levy (the amount it will bill to property taxpayers) while simultaneously holding $20 million dollars in pension debt.


    Compare the village’s flat levy to freezing your household spending while you have credit card debt.

  3. I don’t know if they did, but, I suspect they probably “captured new growth”.

    If so, then they will in fact raise the levy and this isn’t really a tax freeze.

  4. So will the total extension of all funds be the same or less than last year?

    That’s the bottom line.

    No wiggle room when talking about the total extension of all funds.


    Algonquin falls in McHenry and Kane County.


    The McHenry County portion of Algonquin’s property taxes for 2018 can be found here:


    Algonquin also has SSA 1, SSA 2, a Downtown TIF, and bond debt.

    Were all those included in the levy freeze, along with new property growth, in a total extension of all funds freeze?

    If not what are the details?

    SSA = Special Service Area.

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