Typical property tax bill to rise 19 percent

Homes in the 1500 block of Greenwood in Evanston. (Google Maps image).

The property tax bill for a typical Evanston homeowner will increase by about 19 percent when second installment tax bills are issued later this summer.

The Cook County Clerk's office today issued tax rate figures that show a 10 percent drop in rates in Evanston.

Combined with the 25 percent average increase in property values in last year's reassessment, a 5 percent increase in the state equalization factor and an unchanged homeowner's exemption and the net impact is an increase of just over 19 percent.

Of course some assessment increases varied greatly from the 25 percent average and appeals may have reduced assessments for some homeowners, so your actual tax increase is likely to vary significantly from the average figure.

By far the biggest factor contributing to the Evanston tax increase is the School District 65 tax referendum approved overwhelmingly by voters in April. While the average tax rate dropped 10 percent, the District 65 tax rate dropped only 3.5 percent -- and it's the largest single component of the tax bill to start with.

Other agencies whose rates decreased less than the average -- indicating significant spending increases -- included Cook County, down 3.44 percent; the Metropolitan Water Resources District, down 4.69 percent; the city's general assistance levy, down 7.89 percent, and the Forest Preserve District, down 8.7 percent.

The biggest tax rate declines -- a sign of more modest spending increases -- came from Evanston Township High School and the North Shore Mosquito Abatement District, each down more than 16 percent. Three more levies -- from Oakton Community College, the City of Evanston and the Evanston Public Library were each down more than 14 percent.

To calculate your tax bill you need to get the current assessed value of your home from the assessor's office website,

Multiply that by the state equalization factor of 2.8032.

Subtract any exemptions to which you're entitled. (The most common is the $7,000 homeowner exemption.)

Multiply that by the overall tax rate announced today -- which is 9.028 percent for Evanstonians who don't live in a park district or one of the city's special service areas.

Voila! Your tax bill.

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Comments

Wait to see those who thought Referendum was a 'freebe'

Despite being told the cost, I bet a lot of home owners thought 'no it can't really cost ME' and that any money the schools [theater groups, "art" and on and on] are worth anything we have to pay--no questions asked, such views will be put to rest when the "taxman cometh."
Want to bet we see no improvement in school---teaching or facilities. But the union and administration won't suffer---what did they give back to "improve out schools." Instead strapped parents will face increased costs to send their kids to Evanston schools [remember even K-12 is not really 'free'---looks at fees and all the 'extras' not to mention the latest clothes, sports, band, clubs] and later [if not sooner] when trying to pay for college.

Wait wait wait! Didn't they

Wait wait wait! Didn't they say it would cost the average homeowner $50 / month???

Apparently they do not teach math or ethics in District 65.  Proud to say I voted No.

Now just wait for the US Senate to finish up healthcare "reform"!

Attempting to cover the real

Attempting to cover the real cash cost of guaranteed defined benefit plans.

Without meaningful, real change to the union's and public employee's guaranteed defined benefit plans, tax increases such as what we are seeing here, will not only become permanent, but also will become more frequent.  

A few of us voted "no" on the

A few of us voted "no" on the school referendum and will, unfortunately, still pay the ridiculously high property taxes. Perhaps if more people had voted and voted no, we would be in better shape. As it is, for what we spend taxwise for students, we could send each student to a private school. Pity parents don't get this. But hey we do get overpaid teachers, staff, and a so so school system. That's a fair resolution.

Why we voted no

We voted no, and not because we oppose quality education, but because we support fiscally responsible, proactive planning and budgeting.

How much of the 19% increase

How much of the 19% increase is the cash grab by the District 65 Teachers union? By the way, My property tax assessment increase was 34% for no logical reason. I wonder what my tax increase will be?

When will the smart people living in Evanston learn that unions are not your friend, unless you're a Democratic Politician.

Unions are the only friend

Unions are the only friend you have. I for one, appreciate not having worked as a child, healthcare provided by my employer, a minimum wage, family/medical leave, and shorter working hours / weekends off, among other protections. If the price I pay for those things is slightly higher taxes (though relatively low compared to other developed countries), so be it. Teachers are underpaid as it is, at least the benefits are going to people that deserve it. Everyone wants to be angry, find someone to blame. That's not productive. Run for office. Support bipartisan candidates/legislation, propose solutions. Pensions are just one piece, and they're not going away. So focus on how to deal with that. Raising taxes is a part of the solution.