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Villa Park staff: 2.9% CPI cap could raise village portion of a sample homeowner's bill by $26.93
Summary
Staff presented DuPage County's certified 2024 EAV and a limiting-rate example using a 2.9% CPI cap, showing a sample homeowner's village portion rising $26.93 and a combined village-plus-library increase of $41.02. Trustees asked clarifying questions; no public comments were offered and the committee adjourned.
Director Micah told the Village of Villa Park Committee of the Whole that DuPage County certified the village's 2024 equalized assessed value (EAV) at $815,000,007.39 and that a 2.9% consumer-price-index cap used in the limiting-rate formula would allow the village to move toward the levy cap in the staff example.
Micah said she used an illustrative 2% estimated new-growth adjustment (producing an estimated EAV of $817,000,000) and ran the county's extension figures through the village's limiting-rate calculator. Using the 2.9% CPI input, Micah reported a sample limiting rate of 1.1331 and a sample village tax rate in the exercise of 0.6359.
Why it matters: the CPI cap is the conventional annual control used in the limiting-rate computation; if the village files for the…
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