Home > New property taxes

New property taxes

June 6th, 2013 at 02:38 pm

On the third vote, taxpayers finally approved the school budget here. Looks like Iíll see a nice little decrease in my taxes, even though you would expect to see a much higher drop since the last revaluation 5 years ago was when real estate values peaked.

There's a PDF on the town website where you can look up your street address and know exactly what you'll pay. I have a 3-bedroom, 1.5 bath Colonial, built circa 1930 on a 1.5 acre lot near the center of town. Market value right now is around $298,000.

Last revaluation: $269,760
My current taxes: $6,619.91

The new revaluation: $175,770
My new taxes: $5,856.66

So thatís a reduction of $763.25. Iíll take what I can get.

3 Responses to “New property taxes”

  1. creditcardfree Says:

    Wow! A reduction in taxes...don't see that too often and for that large of an amount. Enjoy the change.

  2. rob62521 Says:

    Wow! Illinois passed a new bill about lowering property taxes for seniors...DH is considered a senior and we are paying a couple hundred less...I know it hurts the locality, but sure helped with our pocketbook.

  3. Ima saver Says:

    Wow, those taxes are high considering what we pay here. My house is valued at almost $400,000 and i pay $2300 in taxes.

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