Libertyville considers higher tax levy

Libertyville trustees on Tuesday, Dec. 12 will vote on the 2012 tax levy, which is projected to result in an increase of $16 in village tax for a home valued at $300,000. The village expects to receive more than $6.6 million in property tax revenue after abatements. That’s 4.9 percent more than received through the 2011 levy. The levy increase amounted to more than 12 percent over 2011 before the abatements of all alternative revenue bonds and for the township road and bridge tax. Although the tax cap for 2012 is 3 percent, the village expects to see an increase in the portion of the levy subject to the cap due to new growth in the village. The board meets at 8 p.m. at village hall, 118 W. Cook Ave.