Rural Woodstock Tax Analysis

A friend of McHenry County Blog offers this analysis of Woodstock’s rural tax rates: These are the past 4 years of tax rates; that is, the percentage taken of 1/3 of the assessed fair market value of taxpayers’ homes. Tax … Continue reading

Scott Curry Argued Against Higher McHenry Taxes

Back in November, Scott Curry was thinking about running for McHenry Alderman in Ward 4. Here’s what he said when he addressed the Finance and Personnel Committee on November 3rd: Thank you for allowing me to speak this evening. As you … Continue reading

Low Inflation to Rescue Property Taxpayers in 2016

Thanks to The First Electric Newspaper for reminding me that it is that time of year when financial officials at tax districts find out how much more tax money they will be able to get in 2016. They already know … Continue reading

Two Tax Cap Busting Referendums on the Ballot

Should have caught this sooner. The Village of Bull Valley and the River East Public Library District are asking voter permission to bump their tax rates way up. Look at the ballot question in Bull Valley first: Bull Valley is … Continue reading

Real Estate Tax Burden Shift for Seniors

Senior citizens who are eligible for the senior citizen assessment freeze got a surprise last year. Their tax bills went up. That’s because other people’s assessments went down. It’s called “burden shift.” The tax burden was shifted from non-seniors to … Continue reading

Will Lower Assessments Lead to Lower Taxes?

The Illinois real estate assessment system bases one’s share of the total bill on the value of one’s property (unless one has farm land). A short history of how we got where we are. The 1870 Constitution required that real … Continue reading