A Barrington Hills resident took offense at former Village President Robert Abboud’s commentary on property taxes under his successor, Martin McLaughlin.
McLaughlin is running for the Republican nomination for retiring State Senator Dan Duffy’s seat.
Here are the results of the research and the accompanying commentary:
Bob Abboud — Lying with Statistics
I have to take exception with former Village President Bob Abboud’s assertion about taxes in Barrington Hills. This is a classic example of lying with statistics.
The “tax rate” is determined by the county, and is NOT something under the control of a village, and the budget is only anticipated/projected expenditures.
The fact of the matter is that Martin McLaughlin has lowered the tax levy and lowered overall spending since his election in 2013.
Bob Abboud refers to the tax rate* having increased, but that number is not something controlled by any individual taxing body.
A tax LEVY is the total amount of property taxes that a village requests to balance its budget, after accounting for all other revenue sources. This is the actual amount that the village requests from the taxpayer. But this is only one component of the calculation of someone’s property tax bill.
The bottom line is that Abboud raised the tax levy in 5 of his 8 years in office.
Since 2013, as village president, Martin McLaughlin lowered the levy, lowered spending, reduced the budget and still managed to increase the village’s cash reserves and increased the average number of miles of roads resurfaced yearly.
= = = = =
*Tax rate is determined by the County = Tax levy (for all taxing bodies) ÷ tax base (total EAV – exemptions)
Even if the tax levy remains the same, assessments can rise or fall. All other things being equal, if assessments grow and a levy is unchanged, the tax rate can drop. Conversely, the levy can drop, but if the assessments also drop, the tax rate can increase.
Adding to the confusion in this is that Barrington Hills is located in four different counties, so a household in one county can see an increased tax rate, while another can see a decreased tax rate in the same year.