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Hinsdale trustees approve 2025 estimated property tax levy; pension costs drive increase
Summary
Trustees approved a 2025 estimated village property tax levy that rises largely because of actuarially required pension contributions, resulting in a village levy increase of 3.66% and a combined village+library levy increase of 3.72%.
The Village of Hinsdale Board of Trustees on Oct. 21 approved a resolution determining the estimated 2025 real estate tax levy for the village. Trustee Possema presented the estimate and said Illinois law caps levy increases at the lesser of CPI or 5% plus new construction; CPI for 2024 was 2.9% and new construction assessed at about $22 million.
Trustee Possema said the capped levy computes to $9,090,330, and after certain uncapped items — including 5% of the fire pension levy, the gateway special recreation program and debt service on the village’s 2019 bonds — the village levy was estimated at $9,433,711, an increase of 3.66%. Trustee Possema noted the village’s required pension contributions have risen substantially: the police pension required contribution is $1,678,586 (an increase of about $316,000) and the fire pension levy is $1,461,390 (an increase of about $56,000). Trustee Possema observed those pension increases together exceeded the village levy increase, saying the pension liability “actually ate up, more than the entire increase in the property taxes.”
Including the library levy, the total real‑estate levy for the village and library combined was presented as $13,423,367, an increase of 3.72%. The board voted by roll call to adopt the resolution; all trustees present voted in the affirmative.
