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