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Montgomery holds public hearing on 2025 tax levy; board schedules second reading Dec. 9
Summary
Director Minnick presented the proposed 2025 property tax levy: a $2,720,300 general levy (a $102,980 increase, about 3.93%) that the village says will help cover a roughly $148,000 actuarial increase to the police pension contribution and is estimated to raise about $11 a year for a $300,000 home.
Director Minnick presented the Village of Montgomery’s proposed 2025 property tax levy at a public hearing, saying the village is seeking a $2,720,300 general levy, an increase of $102,980 from 2024.
“The total general levy is $2,720,300,” Director Minnick said during the hearing. He described the increase as composed of a 2.9% inflationary adjustment plus the allowable levy for new property under applicable property-tax-cap statutes.
Minnick told the board the additional revenue will be used in part to offset an actuarially determined increase in the police pension contribution of approximately $148,000; the levy increase would cover about $102,980 of that amount, leaving roughly $45,000 to be found from other general revenues. He also said the levy amounts are consistent with figures introduced at the Nov. 10 meeting and that notice of the hearing was published on Nov. 13 in the Kendall County Record.
Based on the village’s estimated equalized assessed value, Minnick said the levy would amount to an estimated $11 annual increase for the owner of a $300,000 home. He noted that property taxes are collected in calendar year 2026 and will finance village services for the fiscal year ending April 30, 2027.
The levy includes separate charges for 13 active special service areas; Director Minnick reported those SSAs carry a combined levy of $404,100 and that SSA levies likewise incorporate a 2.9% inflationary adjustment.
The ordinance for the levy (ordinance 21-56) was presented for first reading at the meeting. The board set a second reading and consideration of adoption for the Dec. 9 meeting.
What happens next: The board will take the levy up for second reading and possible adoption at its Dec. 9 meeting; any formal adoption and the final levy figures will be recorded in the ordinance vote at that time.
