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Kankakee council hears first reading of 2025-26 property tax levy, projects lower tax rate
Summary
Mayor Curtis told the council the city's equalized assessed value is projected up about $35 million and proposed a city tax rate of 3.971% for fiscal year 2025-26; the measure received first reading and a public hearing was set for Dec. 15.
KANKAKEE, Ill. — City officials presented the first reading of the ordinance to levy property taxes for the fiscal year beginning May 1, 2025, at the Kankakee City Council meeting on Dec. 1.
Mayor Curtis told the council the city’s equalized assessed value (EAV) is projected to rise by roughly $35 million from last year and that the administration is proposing a tax rate cut to 3.971%. "We're reducing it to 3.971% — that is the lowest tax rate we have had…
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