DuPage’s average tax rate for the county’s 384 taxing bodies increased 9.36 percent.
Meanwhile, the overall value of land in DuPage — the other half of the tax equation — fell last year by 5.4 percent, to roughly $32.7 billion.
As a result, property owners across DuPage are going to pay an average of 3.96 percent more on their tax bills, which are due in equal installments in June and September.read more
An property tax mix-up in DuPage and Kane County resulted in District U-46 residents’ property taxes to have gone up as much as 50 percent over the past two years. But the district also includes some Kane County residents who say their bills have gone down by the same amount.read more
DuPage County officials have said infrastructure improvements are needed to control stormwater runoff. Right now, money for those projects comes from property taxes. If adopted, a stormwater utility fee would charge property owners based on use.read more
Qualifying seniors ages 65 and older can apply through March 3 for the Senior Citizen Real Estate Tax Deferral Program in DuPage County. Those who qualify can defer up to $5,000 of their property taxes until the time they sell their home.read more
Depending on where you live, property taxes can range from a slight inconvenience to a crushing expense.
Here in Lombard, for example, the annual tax bill for my 2,500-square-foot waterfront home is close to $12,000 annually. Outside Atlanta where friends live, they were paying less than $1,000 per year.
But wherever you live, if you feel your taxes are unfair, you have options.read more
Mayor Rahm Emanuel defended his failed attempt to ease pension payments bearing down on the Chicago Public Schools and did not rule out increases in property taxes or class sizes after coming up empty-handed.
The surprise bill rejected by the Illinois General Assembly would have extended for two more years a so-called pension “holiday” that allowed CPS to pay just $196 million into the teachers’ retirement fund this year.read more