Central Elgin budget sets 3.95% tax levy increase
Central Elgin councillors are preparing to adopt a budget that will increase the municipal property tax levy by 3.95 percent or $450,085.
Finance Director Karen DePrest, citing a real example, said a $254,000 home last year increasing in assessed value to $259,000 this year would pay an additional $47.05 on its property tax bill from Central Elgin. That doesn’t include county or school taxes.
Councillors held their second budget session on Monday, March 30, and at the end instructed officials to schedule a public hearing that’s needed before final approval can be given.
Read more in the April 8 print edition or the online e-edition.