Tax Rate Changes in the Village
Over more than a decade, the Village has continued to experience a declining property tax rate. Since 1984, the Village’s tax rate for the municipal government has declined by about 54%. In 1984, the Village’s tax rate was 1.164. Thirty-nine years later, the 2022 property tax rate, but paid in 2023, is 0.536 or only five percent of the total rate of all taxing entities.
The Village’s property tax rate decrease over the period is even more impressive considering the expansion of some municipal services, and the fact that the Village has been able to complete over $70 million in community improvements financed without property taxes.
Property taxes vary based on the elementary school district in which you live. View more information on property tax amounts from Dollars by District.