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Romeoville finance staff outlines 2025 tax levy; villagewide EAV projected up 8.2%
Summary
Finance staff told trustees the 2025 assessed valuation is preliminarily up about 8.2%, with a proposed aggregate tax levy extension of $18,813,500; projected combined property tax rate would fall slightly from 1.1141 to 1.0814, and the levy increase is under 5% so no public hearing is required.
Finance staff presented the required annual tax‑levy ordinances on Dec. 3, explaining that preliminary assessed valuations (EAV) for 2025 are approximately 8.2% higher than the 2024 levy, in part because property previously inside the Marquette TIF (about $38 million) will be added back to the tax rolls as the TIF ended.
Staff said the villagewide EAV is estimated to rise from $1,720,000,000 to $1,860,000,000 and that the proposed…
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