Channahon Village Board OKs unchanged tax levy
By Jeanne Millsap Correspondent November 28, 2012 10:04AM
Updated: January 1, 2013 6:16AM
The Channahon Village Board recently approved the village’s preliminary 2012 tax levy.
The levy approved was $1.988 million, with no percentage increase over last year. It is the third in three years where the equalized assessed valuation of the village has decreased from the previous year.
This year, the EAV will drop 7.48 percent, or $23.9 million. The total decrease since 2010 has been $66.9 million.
Finance Director Bob Guess said the tax rate this year will be 67.11 cents per $100 of assessed valuation.
“This means there will be no more money from the taxpayers’ pocket,” Guess told trustees.
The amount of the levy approved by the board was one of three options presented by Guess. Of the other two, one at a tax rate of 0.7230 would have been a 7.7 percent increase, and the other at a rate of 0.6500 would have been a decrease of 3.15 percent.
The board in November also approved contributing $5,000 to the Will County Center for Economic Development for the year, with trustees emphasizing to CED Director John Grueling the importance of solid lobbying for improvements in the Interstate 55/Route 6 interchange
Grueling said the project has been high on the center’s list and is one of the top five projects for which the CED is pushing.