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Burr Ridge approves $1.344 million property tax levy, continues rate cuts
Summary
The Board approved the village’s FY2025–26 property tax levy at $1,344,080 on a 5–0 vote Nov. 10; village officials said this reflects the sixth consecutive year of tax‑rate reductions as assessed values grow.
The Burr Ridge Board of Trustees voted unanimously Nov. 10 to adopt the village’s property tax levy for the fiscal year beginning May 1, 2025, and ending April 30, 2026.
Village administrator Evan Walter presented the levy ordinance to trustees and said the levy totals $1,344,080. Walter told the board the community is experiencing growth in equalized assessed value (EAV) and the village’s rate has declined, making this the sixth consecutive year of tax‑rate cuts. He also noted the levy includes the police pension component.
Trustees asked how services such as police protection would be funded given the levy adjustments. Walter replied the general fund and growing non‑home‑rule revenue streams (sales taxes, income‑tax distributions, etc.) will cover those functions and that the police protection line has been absorbed into broader general fund revenues.
The ordinance was moved, seconded and approved by roll call in a 5–0 vote.
