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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 reported at $5,965,528. Staff said projected sales-tax increment revenues are expected to cover most debt-service costs, leaving only a relatively small debt levy for 2025.
“We ask for your approval at this time,” said Kelly, the finance presenter, as the committee and later the board moved the ordinance through its first reading and vote.
The board also approved abating 2025 levies tied to four general-obligation bond issues (series 2015, 2016A, 2016B and 2017). Staff listed abatement amounts that total $2,496,032.50 and said, based on those abatements, the change equates to an estimated $153.84 property-tax savings on a $350,000 home.
Staff explained that when the village issues general-obligation bonds, DuPage County automatically levies property taxes unless the village abates the levy; the village intends to use sales-tax increment revenues to pay principal and interest instead.
The committee recorded no substantive questions before recommending approval, and the board adopted the levy ordinance and the abatement ordinances by recorded votes in the committee and later by board roll call as reflected in the meeting minutes. No public testimony for or against the levy was offered during the hearing.
Next steps: the ordinances were advanced with committee and board approval; any further procedural steps (certification, county processing) will follow standard levy-adoption timelines.
