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Addison board adopts $17.69 million 2025 property tax levy; abatements cut homeowner impact
Summary
The Village of Addison approved a combined 2025 property tax levy totaling $17,689,571 (village and library) and abated portions of four general‑obligation bond levies so sales‑tax increment revenues will cover much of the debt-service, leaving an estimated $153.84 annual saving on a $350,000 home.
The Village of Addison on Dec. 1 approved a 2025 property tax levy of $17,689,571, the combined request of the village and the independent Addison library, and moved to abate portions of four bond levies to limit what is collected from property owners.
Finance staff asked trustees to adopt a corporate levy of $6,138,209 (a 4.29% increase from last year), a police-pension levy of $5,073,191 (a 3.65% increase based on an independent actuary), and a library levy…
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