None Rise to Contest St. Charles Tax Levy
During Monday’s public hearing, St. Charles Finance Director Chris Minick laid out how the amount residents pay on the city’s portion of property taxes will not, on average, change in 2013, even though the tax rate will increase 5.2 percent.
Monday night was a public hearing at which residents had the opportunity to say yae or nay or otherwise voice their concerns about the city’s plan to keep it’s portion of residents’ property tax bills unchanged in the coming year. What it boils down to this year, St. Charles Finance Director Chris Minick told the City Council, is that for a fourth year in a row, city homeowners on average will pay no more in taxes on the city’s portion of the property tax bill than they did a year ago. The caveat is that because the market values of homes have declined 5.2 percent, the city’s portion of the property tax rate will increase 5.2 percent. “The impact … is that we expect no change in the city portion of our average residents’ property tax bill …
Ted Schnell
1:57 pm on Monday, March 25, 2013
If enough folks turned out to do so, it could have an effect, but I don't think many people generally say anything at these hearings. more ›