County Government Aims to Capture New Growth

The inadequate language of the Property Tax Cap encourages tax districts to “balloon” levy. The Tax Cap, know as PTELL to the technocrats, has two parts. In the first, which is most widely known, tax districts like schools and county … Continue reading

Questioning MCC’s Assumption that New Construction Will Be Up 3.29% for 2013

In my article about the McHenry County College Board’s discussion on the proper size of next year’s property tax levy, I mentioned that I had sent an email to MCC Public Information Officer Christina Haggerty, asking the basic question that … Continue reading

MCC Levy Talk, College Sticks to Assumption that New Growth Will Be 3.29%

McHenry County College’s Chief Financial Officer Bob Tenuta presented some spreadsheets showing what would happen if the Trustees decided not to ask for the additional $224,000 in property taxes that the Tax Cap law allows. That’s the amount that a … Continue reading

Fight in the Offing about Whether to Hike MCC Property Taxes or Keep Them Flat

McHenry County College taxpayers might get a break next year. After MCC Chief Financial Officer Bob Tenuta gave his report on next year’s budget, discussion indicated that several new Board members are thinking about asking for the same amount from … Continue reading

Dave McSweeney Seeks to Force Flatlining of Township Taxes

State Rep. David McSweeney is proposing at amendment to Senate Bill 1937 that would prohibit township governments throughout Illinois from increasing the amount of money they extract from taxpayers’ pockets for the next two years. Unlike some legislators and local … Continue reading

McHenry County Multiplier Increases Assessments 1.0243 for This Year’s Tax Bills, $1 Billion Assessment Loss Sends Tax Rates Soaring

Taxpayers may be making more of a fuss this year than previously. Maybe not. Tax districts are getting less than 2% more this year, when the Property Tax Cap allowed them to get 3%. So, some tax districts showed restraint … Continue reading

Most Tax Rates for McHenry County’s Upcoming Tax Bills – Up 15% in Algonquin Township Part of Lakewood

Here’s what it looks like for my Algonquin Township part of Lakewood: MCHENRY COUNTY – $1.00 per $100 of assessed valuation (up from 79 cents per $100 – this must include the 708 Board Mental Health tax) MCHENRY CO CONSV … Continue reading

Is DuPage County a Portent of Property Taxes to Come?

This was in the Daily Herald Tuesday: “DuPage County homeowners can expect to pay more property taxes to school districts and other local governments, even though land values continue to plummet. “The overall value of land in DuPage decreased last … Continue reading

Lakewood Red(Ink)Tail Golf Club Alternative Revenue Bond Failure Featured in Chicago Tribune – Part 2

Part 2 of the Chicago Tribune said about Lakewood’s alternative revenue bond purchase of what is not called RedTail Golf Club: Lakewood is featured as one of the villages “where bets backfired on taxpayers…where taxpayers should have been protected form … Continue reading