East Dundee property tax levy remains flat
By Erin Sauder For Sun-Times Media January 31, 2014 11:08AM
Updated: March 3, 2014 5:19PM
EAST DUNDEE — Village officials have some good news for residents.
For the third year in a row, the Village Board has voted to hold East Dundee’s property tax levy flat. A levy is a request taxing bodies make for their portion of residents’ property tax bills.
Trustee Allen Skillicorn is happy he and his fellow trustees opted not to increase the property tax collection by the allowable consumer price index of 1.7 percent.
“Realistically, property taxes are the things that most people talk about being too expensive,” he said. “And even though East Dundee’s portion isn’t that large, it still matters.”
Skillicorn said about 60 percent of property taxes collected from residents goes to Community Unit School District 300. The amount of property tax villages receive goes toward general fund purposes, bond and interest payments and pension contributions for municipal employees.
Skillicorn said that keeping the property tax levy flat “sets an example of how you should run municipal government.”
“If we can’t be flat or at least increase it less than we’re allowed, how can we ask other taxing bodies to do the same? And it hasn’t hurt us at all, not raising it in three years. The village has been frugal with money anyway. And we’ve found areas which could be trimmed,” he said.
If the equalized assessed value, or EAV, of properties in the village is higher than last year, Skillicorn said residents could see a decrease in the East Dundee portion of their tax bill for the 2014/15 fiscal year.
Those final values are not yet available, said Linda Blackerby, East Dundee finance director.