News about taxes
Woodstock School District 200 is slated to lower its property tax levy this year, citing in part the use of fund balances to make debt payments.
With just days to go before tax credits expire that make marketplace health insurance coverage more affordable, lawmakers and industry experts said they’re concerned that costs will skyrocket for those who can least afford it in the new year.
Woodstock residents will be seeing an increase next year in the portion of their tax bills that goes to the city.
Eligible seniors may defer up to $7,500 per year, including interest and fees, or as much as 80 percent of the equity in their home, whichever is lower.
McHenry County seniors wishing to participate in the Senior Citizens Real Estate Tax Deferral program can sign up starting Jan. 1.
Bourbonnais trustees approved the village’s tax rate during the board’s Monday meeting.
The Bradley Village Board on Monday unanimously approved its $2.37 million property tax levy.
Along with the construction of two new school buildings, the $275 million would pay for additions to Yorkville High School.
The DeKalb School District 428 Board approved a property tax levy for 2025 this week, accounting for an increase to health insurance premiums, loss of transportation reimbursement payments from the state and other costs expected in the new year.
Gov. Pritzker on Tuesday signed legislation that raises $1.5 billion to fill a fiscal hole for the Chicago area’s public transit agencies set to kick in next year. Legislation relies on increased sales tax in the Chicago area and a diversion of funds from the state’s Road Fund.
The Grundy County Board approved a $15,184,150 tax levy on Tuesday, a 2.65% increase from the 2024 tax levy.
Sycamore businesses will be required to share state tax documents with the city next year, following a unanimous vote from the Sycamore City Council this week.
From Capitol News Illinois: Illinois Superintendent of Education Tony Sanders cautioned members of the State Board of Education on Wednesday not to get their hopes up for any big increase in K-12 school funding next year
From Capitol News Illinois: Of the sales tax revenue going toward public transportation, 85% will be dedicated to the Chicago region. New projects the law could set in motion include passenger train service to Peoria, Moline and Kankakee, and new CTA stations in Chicago
Use our calculator to see what Huntley's tax levy means for the village portion of your tax bill.
Huntley residents are scheduled to get a small increase in the village portion of their property tax bills next year, but the tax rate is expected to decline slightly.
The Grundy County Board approved a $6,500 monthly contract with SKK Consulting to help bridge the gap while the county seeks a new supervisor of assessments.
From Capitol News Illinois: The $12 billion the Trump administration is providing U.S. farmers is not nearly enough to make up for the losses farmers are suffering from tariffs, the director of the Illinois Department of Agriculture said.
The DeKalb City Council greenlighted its 2026 spending plan for approval during its Dec. 8 meeting.
The city of St. Charles approved a $15.4 million 2025 property tax levy, an increase over last year in a plan officials said is meant to help pay for rising costs of services due to inflation and first responder pensions.
At some point, Democrats need to explain why their policies keep making life more expensive for the very people they claim to help.
Oswego village trustees unanimously approved a financial incentive agreement of up to $1.5 million with the owners of the shopping center that would be paid over a maximum of 15 years.
The Coloma Township Board faced vehement protests from a large crowd Wednesday, Dec. 10, before voting 3-2 to approve a 43% property tax hike.
Months after approving salary raises for countywide elected officials, the McHenry County Board has decided not to take up compensation for its own members in the near future.
The Geneva City Council has agreed to place a $59.4 million referendum on the March 17 primary ballot for a new police station and other needs at the two firehouses.
The levy is a 2.9% increase from what the city of Yorkville collected last year. This represents last year’s levy plus an estimated $120,287 in taxes coming from new construction.
Residents came out to a meeting Wednesday, Dec. 10, 2025, to oppose a tax increase proposed, and ultimately approved, by Coloma Township's board.
The Sycamore City Council unanimously approved a $25.39 million budget that includes a $1.31 million increase on personnel, contractual services and supplies.
The 2026 budget for Joliet “holds the line on property taxes for the second consecutive year," according to city officials. The city council is expected to vote on the budget next week.
Amboy High School’s Leo Club will host the Care Without Cost freewill donation sale from 9 a.m. to 1 p.m. Dec. 13. The event will take place at the Amboy High School gymnasium.
When local homeowners get their tax bills in 2026, they could find themselves owing about $350 more to DeKalb School District 428.
The city portion of the 2025 property tax bill will likely go up for Sycamore residents after the Sycamore City Council voted to keep the same tax rate that was used for the previous billing cycle.
On Monday, the DeKalb City Council is expected to vote on a proposed 560-acre data center development by Edged, a division of infrastructure technology company Endeavour Energy. Here's what we know so far
Kankakee property values are once again on the rise, this time by $35 million, officials reported Monday.
School officials said taxpayers could owe the Sycamore School District 427 a smaller amount than last year on their 2025 property tax bill, which will be due in 2026, provided their home value didn't change.
The forum will be held 9 a.m. to 1 p.m. Dec. 10 at JJC’s City Center Campus, 235 N. Chicago St. in Joliet,
Lengthy and controversial debates over the Will County budget and how to pay for it will amount to roughly a $10 savings for taxpayers, according to one board member.
Despite dealing with a deficit when creating the proposed $38.74 million fiscal 2026 DeKalb County budget, the county’s top official said he thinks a major budgetary stressor in recent years is beginning to wane.
Interim County Administrator Derek Hiland has presented the County Board with 3 options for its 2025 property tax levy. Officials estimate that the value of existing property in DeKalb County has increased by an average of 9% over the past year, documents show.
The bill would also create a new property tax repayment plan, giving counties the authority to establish structured payment options for unpaid taxes, according to state Sen. Rachel Ventura’s office.
The proposed 2025 property tax rate for the city of Dixon is about $2.29 per $100 of equalized assessed value, an increase from the 2024 rate of $1.72. City officials estimate a $29 bill increase for a home valued at $100,000
The majority of village trustees approved a $1.98 million tax levy. Oswego property owners will see a 2% decrease in the village’s property tax rate next year.
County Executive Jennifer Bertino-Tarrant hints that she will consider a veto, says lower levy creates unbalanced budget.
Dixon Public Schools expects the 2025 property tax rate to decrease slightly from 2024 due to projected increases in assessment values.
The Sycamore Public Library is seeking to increase its property tax levy in 2026 by $177,500. Director Kim Halsey said the top reason for the request is to keep Sycamore library staff pay competitive with industry standards.
Officials expect it will result in an estimated bill increase of $13.03 for a home valued at $150,000, according to the approved tax ordinance.
The overall 2026 budget represents a $19 million decrease due to significant capital improvement projects being completed in 2025, though the levy includes an addition $200,000 in revenue.
Since most homes in Lockport saw an increase in assessed value last year, the average homeowner will likely see some increase in taxes paid to the city, the city said.
As the city of Yorkville gears up to approve the 2025 tax levy ordinance, here’s a look at how the levy will likely show up on your property bills.
The McHenry County Board has voted to raise its property tax levy by the inflation-tied limit allowed under the tax cap, but it won't go with the "lookback" option.