Libertyville Trustees to Vote on Tax Levy Dec. 11
Homeowners could expect to pay $16 more on their property tax bills for a home valued at $300,000.
Libertyville Trustees are set to vote on a proposed $6.2 million 2012 tax levy at their Dec. 11 meeting.
Libertyville homeowners can expect to pay about $16 more in property taxes for a home valued at $300,000 due to the 4.3 percent increase in the village's share of the property tax bill. The rate increase factors in an assumed 7 percent decrease in the existing homeowner's assessed valuation.
The total proposed levy is $6,165,869.
The village's portion of a resident's property tax bill is about 7 percent. By comparison, Libertyville Elementary District 70 and Community High School District 128 make up 37 percent and 35 percent of the property tax bill, respectively.
Trustees held a public hearing on the levy at their Nov. 27 meeting, but just one resident spoke. The resident simply wanted to confirm that the estimated increase on the village's portion of the bill will be just $16 on a $300,000 home.