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

Franks Aims Legislative Arrows at Property Taxpayers

On the first day of his third set of three-year terms, Democratic Party State Rep. Jack Franks introduced four bill that could be merchandised to homeowners in a General Election four years from now. Seems to me it is in … Continue reading

Cary Grade School District Taxes to the Max

The Northwest Herald reported Friday that Cary Elementary School District 26’s Board decided to take from the property taxpayers next year every dime allowed by the Property Tax Cap. That’s an increase of 1.5% over what was extracted this year. … 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