ROCHELLE — Monday’s Rochelle City Council meeting will include a public hearing to approve an ordinance for the 2012 Tax Levy.
The State of Illinois requires the city annually to adopt and file a Property Tax Levy Ordinance on or before the last Tuesday in December. Last year, the city’s Equalized Assessed Valuation was $219,179,369 and its property tax rate was $0.876630 per $100 of EAV, which allowed the city to collect $1,921,345.90 in property taxes. For the coming year, Ogle County has estimated the city’s EAV at $237,401,370.
For the complete article see the 12-09-2012 issue.
Click here to purchase an electronic version of the 12-09-2012 paper.