E. Dundee will likely keep levy flat for third consecutive year
East Dundee residents could see a slight reduction in their property taxes if officials' plans to reduce the levy pan out.
For the third consecutive year, the board's committee of the whole agreed this week to hold the levy at $566,396 on the paperwork it submits to Kane County.
Once the county releases the valuation of the village's property later next year, the village's hope would be to lower the levy by 1.7 percent, a move that would save residents $9,618 in taxes, officials said.
"We don't count on property tax that much in our village. It's not a big number to us," Village President Lael Miller said. "That's something we can live with and we can make up for the money somewhere else. That $9,000 shouldn't be an issue for us."
If East Dundee goes forward with reducing the levy, the goal would be to recapture the $9,618 through the village's rising sales tax revenues. Miller said sales tax is up 16 percent this year.
The entire board is scheduled to vote on the levy Monday.
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