Board of Review approves prior minutes, staff outlines reassessment notices and August reconvening

The Village Board of Review approved minutes from its Aug. 7, 2024, meeting, reviewed the timetable for a villagewide reassessment notice and appeals process, and voted to adjourn and reconvene the board on Aug. 13, 2025, at 2 p.m.

Trustee Lancaster moved to approve the prior minutes after board members confirmed that Megan recently listened to the meeting audio and prepared the written record; a fellow trustee seconded and the chair announced the motion passed. After the vote, members agreed to reconvene the board of review after the August village meeting so the current membership can formally sign the minutes.

Alyssa, a village staff member identified during the meeting, outlined the reassessment notification and appeal steps. She said the assessor will mail letters this week showing each homeowner’s new assessed value, that the village plans an open-book period in July, and that board-of-review hearings will be scheduled in August. “The village does not increase the tax levy amount we’re bringing in,” Alyssa said, adding that reassessment changes redistribute the existing levy and that total tax bills depend on decisions by all taxing jurisdictions.

Board members discussed the trade-offs of reassessment frequency and public perception. Some raised the common resident concern that more frequent reassessments are perceived as a “money grab.” Trustees noted that more frequent market updates tend to smooth large year-to-year valuation swings but carry administrative costs and depend on the contract with the assessment vendor, ACRIT, which the board indicated is up for renewal later this year.

Staff and trustees clarified appeal thresholds and timing: homeowners with comparable evidence (a recent refinance or realtor comparable) within plus or minus 10% of the assessed value are unlikely to see an adjustment; larger discrepancies may be reduced to the 10% threshold during the review process. Alyssa said open-book sessions will let residents address questions directly with assessors before any board-of-review appeals.

Before adjourning, a trustee moved that the board reconvene on Aug. 13, 2025, at 2 p.m.; another trustee seconded, the board voiced approval, and the chair adjourned the meeting. No further business was conducted.