By: Diane Benjamin
Politicians love to hide how your property taxes keep going up. They even claim to keep the tax rate the same – that doesn’t keep your property taxes the same!
You get a new assessment letter in the mail every year. Chances are pretty good it went up this year because the housing shortage is increasing property values. That means even if the rate charged is the same as last year your taxes will be go up.
The Normal Town Council does not set a Property Tax Rate – they set the TOTAL amount they want to collect. The Assessor sends them the new total taxable value and then the Town decides how much of your money they need. Below is what the Town needed the last two year:
Since math is REALLY hard:
In 2021 Normal wanted $13,055,328
In 2022 Normal wants $13,381,652
That is an increase of $326,324.
In other words, that is a property tax increase.
The meeting documentation states the rate will stay about the same. That is no comfort to your wallet if your property increased in value. If politicians really didn’t want to increase property taxes the rate would decrease so you don’t pay more.
The property tax rate is set by the Assessor’s office based on what Normal wants to collect. The rate is immaterial if the value of your house increased let’s say 5%. Your property taxes are going up!
Politicians use bait and switch game so they can claim the rate stayed the same. (Sometimes they don’t even keep the rate the same! See Bloomington!)
In case your can’t read where the arrow is pointing:
Scott Preston voted for a higher levy, that means he voted to raise your taxes. Show him your tax bill when you get in May. The Town of Normal portion will be higher if the value of your property increased.
The Town of Normal wanted more money from it’s property owners. Preston complied with their request. Preston was re-elected less than 1 year ago, he already broke a campaign promise.
Notice who voted NO?
Ask Preston why he voted yes! He will tell you the rate didn’t go up. Explain to him the rate is immaterial to how much you pay. He must not know that.