Effective Tax Rates in McHenry County

The only way to compare property tax burdens is to divide one’s property tax bill by the value of one’s home. That’s what the Chicago Tribune did in November of 2015. The effective tax rates found for McHenry County towns … Continue reading

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

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

Fox River Grove & Harrison Grade Schools at Maximum Tax Rate in Education Fund, Harvard Hits It Next Year

Looking at maximum tax rates for school districts in McHenry County, I discovered that Fox River Grove Elementary School District 3 is blocked from raising its taxes not by the Property Tax Cap, but by having reached it $3.50 per … Continue reading

Townships and Tax Caps

Let’s go through the townships in alphabetical order to see how the Real Estate Tax cap affects how much money they can collect. This information, as with previous articles about the Tax Cap, comes from the McHenry County Clerk’s web … Continue reading

No Financial Diet for McHenry County Next Year + The Tax Levy Game

There is widespread misunderstanding about the tax process. Today, we won’t look at the assessment part. Instead we will examine what tax districts do to pry more money out of our pockets. News stories talk about levies this time of … Continue reading

Tax Bills and Assessments

With State Rep. Jack Franks about to get lots of publicity about keeping real estate tax bills down, it’s worth looking at the underlying problem. This is the third or fourth article I have written on the subject.  It’s a … Continue reading

How Real Estate Tax Rates Are Set – Tax Levies, Extensions and the Tax Cap

A comment from Allen Skillicorn to my article on the Sun City overlapping tax district inequities prompted an explanation of how tax rates are set by county clerks. Here is Skillicorn’s comment: With a 1 yr average, I assume the … Continue reading

School Districts Tax Rates Soar as Assessments Plunge

School districts take most of our property tax dollars. It is fair to compare unit districts to unit districts. These are how all schools were originally. During the run-up to the 1870 Constitutional Convention, there was tremendous borrowing by local … Continue reading

Lakewood’s Tax Rate Up Most, Richmond’s Only One Down

Because Lakewood Village Board members decided to require residents to pay off the last year of the golf course purchased the year before the Property Tax Cap went into effect, Lakewood has the highest percentage tax rate increase of any … Continue reading

Local School & Tax Districts Not Bragging about Lower Tax Rates

Notice how you don’t see any local governmental or school district officials bragging about how much their tax rate had gone down? That’s because tax rates didn’t decrease this year. For almost the past two decades, the Property Tax Cap … Continue reading