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Article: Carpentersville lowers property tax levy
- Article from:
- Courier-News (Elgin, IL)
- Article date:
- April 14, 2000
CopyrightCopyright (c) 2000 Courier-News. (Hide copyright information)
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Carpentersville lowers property tax levy zB1 By Peter Denk STAFF WRITER
CARPENTERSVILLE -- The village board has cut its property tax levy by $90,000, keeping a promise to taxpayers.
When Carpentersville set its fiscal 2001 property tax levy in December, trustees promised taxpayers a dip in the tax rate -- from this fiscal year's $1.30 for every $100 of equalized accessed value, down to $1.24 per $100.
But because there was less development than expected in Carpentersville in the last year -- and hence fewer properties to share the tax burden -- the rate would have decreased only to $1.27 per $100 of equalized accessed value.
So the village board reduced the levy by $90,000, just enough ...