.

Village to Freeze 2013 Property Tax at Current Amount

Grayslake village trustees voted unanimously Nov. 6 to draft the village's 2012 tax levy ordinance based on the current levy.

Being debt-free and having a balanced budget means the Village of Grayslake can give taxpayers a small break by freezing the 2013 property tax at the 2012 amount.

Trustees voted unanimously at the Nov. 6 board meeting to prepare the 2012 tax levy ordinance based on the levy amount of $2.95 million. This amount represents no increase in dollars received in 2012 from the 2011 levy, said officials.

Even though the village only takes a small piece of the property tax pie to begin with, said trustee Bruce Bassett, "This says the village will take no more than the dollars we took last year."

Bassett said this represents a permanent savings for taxpayers because next year, the village can only levy at the rate of inflation or up to 5 percent of the current amount.

The village's portion of the typical property tax bill is between 4 percent and 5 percent. Since 1987, the village's tax rate has declined more than 46 percent.

"While the village only accounts for just under 5 percent of property tax bills, the proposed property tax freeze represents the village’s attempt to do its part on controlling homeowner and business property tax bills," said Mayor Rhett Taylor in a press release issued prior to Tuesday's board meeting.

The levy ordinance will be presented for a vote in December. The 2012 ordinance would impact 2013 property tax bills.

GuitarMan November 09, 2012 at 04:37 PM
You know what schools should consider? Volunteer teaching assistants. Not sure how this could come together, but the teaching pro's should be able to find unemployed, seniors, etc., and get them up to speed. I don't offer this up as the complete solution, but what's wrong with thinking completely out of the box?
GuitarMan November 09, 2012 at 04:43 PM
Grayslake had approximately a $2 million surplus. At this stage of the game I'm not sure anyone is being helped out. I'm not a anti-government type but I would rather see local officials marshal resources together to address, brainstorm, suggest, solicit, etc., ideas and solutions from the tax payers to truly lower taxes. I don't buy electing a mayor as the one-stop solutions to the stresses on our individual bank accounts. People need to get involved and bring forth the ideas.
HM November 09, 2012 at 10:54 PM
GM - I agree that we shoulc be finding ways to actully lower taxes. However, at this point, D46 will have to ask for an increase because they have managed their finances so poorly. I, for one, and truly sick about politicians and community leaders who continue to push for more tax dollars that to look at fixing what is broken. Spending is out of control, and no one in power seems to care.
Softball Jim November 09, 2012 at 11:06 PM
Although they may have frozen thier tax rate for the village, I bet the budget still goes up. You see unlike the Schools, who's revenues mostly come from property taxes, the Village, has many revenue streams. Parking Tickets, Speeding Tickets, Building permits fees, Plan review fees, Motor fuel taxes, Property taxes, and a whole host of other fees. Schools, do not have that luxury, they also employ many more people than the village, because they teach thousands of kids. Yeah the village did not raise thier rate. They are in a much better position. Please remember, they are also the ones that allowed all the unchecked development to be built in the Village of Grayslake, and allowed the home builders to walk away with millions of dollars in thier pockets. They did not even help to build even one school !
farefarjey November 16, 2012 at 02:19 AM
We’re not quite at that http://www.coachfactoryoutletonlinebc.org stage yet. But we may be on the right path. For http://www.coachoutletod.com perhaps the greatest geek triumph of the 2012 presidential http://www.coachfactoryoutletbo.net elections was the unlikely figure of statistician Nate Silver, http://www.coachoutletpn.com whose FiveThirtyEight blog – which algorithmically assessed http://www.coachfactorystoredo.com hundreds of polls based on their historical accuracy – http://www.coachoutletos.org managed to successfully predict the result in 50 out http://www.coachoutletstorefb.com of 50 states.His analysis – like every political story – divides http://www.coachoutletstoreonlinert.com opinion. To my mind, though, his work shines a light on a bigger story about our future relationship http://www.coachoutletonlinelc.net with technology, and in particular on a vision of progress http://www.coachoutletonlinelon.com where there’s an increasingly clear divide between those http://www.coachoutletonlinelsa.com endeavours that can safely be left to humans, and those where http://www.coachoutletdt.net machines and mathematics are preferable.It’s something that http://www.louisvuittonoutletcft.net is already happening. From automated explorations of Mars, http://www.louisvuittonoutletsc.com the use of unmanned drone aircraft for reconnaissance and http://www.burberryscarfoutletvip.com remote assassination, to the analysis of pr

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »