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Mundelein holds Truth-in-Taxation hearing, approves 2024 property tax levy
Summary
At a public Truth-in-Taxation hearing, the Village presented a proposed 2024 aggregate levy of $16,787,021 (4.6% increase) and later approved an ordinance setting the levy at $18,488,252; trustees also approved a partial abatement and payment of bills during the finance committee segment.
The Village of Mundelein held a required Truth-in-Taxation hearing on Dec. 9 and then adopted motions related to the property tax levy and related finance actions.
Trustee Eric Schwing was absent and Trustee Juarez, acting as vice chair of the finance committee, presented the village's proposed aggregate levy of $16,787,021, described in the hearing as a 4.6% increase over the 2023 extension of $16,042,170. Trustee Juarez told the board the proposed levy would reduce the estimated property tax rate to $1.37 per $100 of assessed value from $1.44 in 2023.
After the hearing and discussion, the board's finance committee presented a formal ordinance to provide for the levy of property taxes for the fiscal year (05/01/2024–04/30/2025) in the amount of $18,488,252. The motion (moved by Trustee Juarez and seconded by Trustee Wilson in committee discussion) passed on roll call, with Trustee Meyer recorded as No; the ordinance was carried.
The board also approved a partial abatement of the bond levy in the amount of $1,701,231.26 and approved payment of bills for $2,718,211.50 as presented in the governing body report for 11/26/2024–12/09/2024.
No substantive public comment was recorded during the Truth-in-Taxation hearing that changed the proposed levy; the hearing had been properly noticed in the Daily Herald on Nov. 29, per the presentation.
