Kane County committee OKs 3 percent property tax hike
GENEVA – The County Board soon could decide whether to put in writing an intention to collect more in property taxes next year – and whether to leave it to newly elected board members to reduce that amount come spring.
Tuesday, the County Board Finance and Budget Committee recommended the full County Board approve a budget that calls for the county to increase its property tax levy by 3 percent, the maximum amount allowed by law this year.
Should such a tax levy increase ultimately be approved, it could increase the tax bill owed by county taxpayers owning a house with an assessed value of about $250,000 about $5 to $12 next year, with an average increase of about $7 a year, according to county finance officials.
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