Today we compare real estate tax levies for this year versus last year.
Because the tax cycle is always one year in arrears, last year’s bills are called 2018 and those paid this year 2019.
As a whole cities and villages increase their dips into taxpayer pockets by 1.73%.
Since the Consumer Price Index increased 2.3%, lots of Boards were trying to minimize the impact on their residents.
Only Algonquin cut is tax levy–by just over one-half of one percent.
Holding constant were Holiday Hills, Lake in the Hills and McHenry.
By keeping their tax levy constant, the tax bill of residents having the same assessed valuation decreased.
That’s because the newly-built buildings took part of existing property owners’ burden.
Increasing their real estate taxes by less than one percent were the Villages of
- Barrington Hills
- Cary
- Lakewood
Between one and two percent were
- Harvard
- Oakwood Hills
- Prairie Grove
- Union
- Woodstock
Between two and three percent were
- Hebron
- Huntley
- Johnsburg
- Marengo
- McCullom Lake
- Richmond
- Ringwood
- Spring Grove
- Wonder Lake
Going higher than three percent were
- Crystal Lake
- Fox River Grove
- Fox Lake
- Port Barrington
- Island Lake
- Lakemoor
Cutting taxes over the last decade are the following municipalities:
- Algonquin -1.39%
- Barrington Hills -8.2%
- Johnsburg -2.57%
- Lakewood -15.66%
- McCullom Lake -9.82%
- Prairie Grove -4.47%
- Woodstock -1.67%