Village Council 2022 Tax Levy Public Hearing

NOTICE OF PROPOSED PROPERTY TAX INCREASE FOR THE VILLAGE OF DOWNERS GROVE 

I. A public hearing to approve a proposed property tax levy for the Village of Downers Grove for 2022 will be held on the 6th day of December 2022, at 7:00 p.m. in the Village Council Chambers, Downers Grove Village Hall, 801 Burlington A venue, Downers Grove, Illinois 60515. Any person desiring to appear at the public hearing and present testimony to the taxing district may contact Ms. Robin Lahey, Village Treasurer, 801 Burlington A venue, Downers Grove, Illinois 60515.

II. The corporate and special purpose property taxes extended or abated for the preceding year, 2021 were $23,313,498. The proposed corporate and special purpose property taxes to be levied for 2022 are $23,326,044. This represents a .05%increase from the previous year.

III. The property taxes extended for debt service for 2021 were $0. The estimated property taxes to be levied for debt service for 2022 are

$6,238,178. Consistent with previous years, staff was directed to prepare ordinances abating

$6,238,178 of the 2022 amount for a levy of $0 for debt which is equal to the previous year.

IV. The total property taxes extended or abated for 2021 were $23,313,498. The estimated total property taxes to be levied for 2022 are

$29,564,222. This represents a 26. 81 % increase over the previous year. Including the debt service abatements the actual levy for 2022 will be

$23,326,044 which represents an increase of .05%from the previous year.