Naperville looks to decrease property taxes

Naperville plans to continue a three-year trend of lowering property taxes, with the average homeowner expected to pay the city about $12 less next year.

The city council will hold a public hearing on the proposed tax levy during a meeting at 7 p.m. Tuesday in the municipal center, 400 S. Eagle St.

If the levy is approved, homeowners would see a decrease in the city portion of their property bill for the fourth year in a row, and the city would bring in $45.9 million — down $1.2 million from the $47.1 million levied last year.

Finance Director Karen DeAngelis said the owner of an average home in Naperville, which is valued at $350,000, can expect a decrease of $12.30 in the city’s portion of the property tax bill.

Adding the $12.30 drop to the decreases Naperville homeowners have seen the past three years would equal a total decrease of nearly $100 over four years, DeAngelis said.

Officials have said the city’s portion amounts to about 12 percent of a Naperville homeowner’s property tax bill.

After Tuesday’s public hearing, the tax levy is likely to come before the council in December for approval.