Monday, November 5, 2012
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Monday, November 5, 2012
One of the biggest problems in our area is that few people understand the difference between the levy and the rate and who raises or lowers their property tax. FALSE: Assuming no taxing body raised their levy—because my property value went down, shouldn’t my property tax go down? ANS: No. If everyone’s property values go down, such as in the recent recession, and the levy amount from the taxing bodies stays the same as last year, you will still pay the same property tax amount as last year. Why? The total amount of tax money that the taxing bodies will collect (the total pie), is still the same as last year. It doesn’t matter if your property value went down, because if everyone’s went down proportionally, we all still have to pay for …
Monday, July 30, 2012
The Will County treasurer's office has started a new program in which property owners can pay their tax bills in advance of actually receiving them in order to better budget.
If coming up with several thousand dollars at the end of May and again in early September to pay your property taxes keeps you awake at night, the Will County treasurer's office has a solution that might help. For 2012 taxes paid in 2013, property owners can make pre-payments in advance of the first due date until March 31, according to a media release from county Treasurer Steve Weber. “People are trying their best to manage their money during this tough economy,” Weber said in the release. “I want to help people manage how much and how often they pay taxes by allowing pre-payments.” Under the Property Tax Pre-Payment Program, property owners can pre-pay next year’s levy now. There is no pre-determined amount required to be in the program…
Wednesday, February 22, 2012
Both men owned large tracts of the section of Plainfield once known as Walkers' Grove, but historical records are long gone.
The Inquiry Depending on which account you read, the founding of Walkers’ Grove is credited to either the Rev. Jesse Walker or to James Walker. Is one of these men more responsible for the settlement than the other? The Facts Since the early 20th century, Walkers’ Grove has traditionally been identified as the site of the James Walker Sawmill, near what is now the intersection of River and Renwick roads. However, the pioneer settlement had no clearly defined boundaries and stretched outward from the mill site, along the east side of the DuPage River. The Walkers’ Grove settlement has been attributed, alternately, to Jesse Walker and to his nephew and son-in-law James Walker. Unfortunately, all of the Walker family records that described …
Monday, November 21, 2011
District plans to ask for $195 million in taxes, although under the extension system it's likely to receive far less than that.
As required, Plainfield School District 202 will host a public hearing on its annual tax levy next month. The district plans to ask for $195.7 million in local property taxes, which is 20 percent higher than last year’s extension of $163 million. The district levies for more tax revenue than it actually receives in order to capture any growth from the previous year. The state caps the amount of new revenues the district can levy each year to whatever is less: the rate of inflation or 5 percent. For the 2011 levy, the increase is 1.5 percent. About $157.3, million or 80 percent of the proposed levy, is expected to go towards the district’s operating fund. The district will calculate the resulting tax rate early next year after the district’…
Tuesday, November 15, 2011
Utility, gas, sales and liquor taxes among those on the table, but the property tax levy not expected to go up.
Plainfield could establish taxes on liquor and restaurant food and beverages and/or increase utility, gas and sales taxes to stave off a 2012-13 budget deficit of about $1.85 million, the Plainfield Village Board was told Monday. The village would net about $120,000 for every quarter percent of tax charged to food and beverages and $30,000 for every quarter percent of tax charged on liquor, according to the proposal laid out by Village Administrator Brian Murphy. Up until now, the village has not collected either tax. While taxing liquor is still relatively unusual for municipalities, especially in the southwest suburbs, food and beverage taxes are becoming more common. Locally, Bolingbrook charges 1.5 percent and Joliet, Naperville and …
Monday, March 21, 2011
Wheatland Township assessors say residents shouldn't be surprised if their tax debt is higher this year.
Wheatland Township officials say property values are likely to drop nearly 5 percent when this year’s upcoming quadrennial assessments are done. But that doesn’t mean homeowners will see a lower tax bill. In fact, many Wheatland homeowners most likely will be writing an even bigger tax check, assessors say. About a third of Plainfield residents live in Wheatland Township. When property values sink at the same time the schools and city governments need more money to keep providing the services those tax dollars pay for, taxpayers get a double whammy in the wallet. “People think they’re going to be paying less tax when their property assessments go down,” said Sherry Lee, deputy assessor at Wheatland Township. “Unfortunately, it doesn’…