Village approves 5.5% tax levy increase

Village approves 5.5% tax levy increase

Property taxes could go up as much as 5.5% by the end of the village’s fiscal year.  At the Dec. 15 council meeting, commissioners unanimously approved the annual tax levy ordinance. Last month, the council established an estimated property tax levy at the same amount for the 2025 fiscal year, which runs May 1 through April 30, 2026.  The village-approved levy will now be submitted to the Cook County Clerk, though it’s likely that the clerk won’…