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Hinsdale trustees review estimated 2025 property tax levy, pensions drive increases
Summary
Board reviewed a draft levy that would raise the village levy to $9,433,711 (3.66% increase) and a combined village-plus-library levy of $13,423,367 (3.72% increase); police and fire pension contributions account for sizeable portions of the increase.
Trustees reviewed an estimated 2025 property tax levy on Oct. 7 that staff said reflects capped increases allowed by Illinois law and larger required pension contributions.
Chair Possema described the estimate as “near and dear to all of our hearts” and explained the levy calculation uses the lesser of inflation (CPI for 2024 was 2.9%) and 5%, plus value from new construction. Staff reported $66 million in new construction value for 2024, with assessed value treated as…
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