NOTICE OF PROPOSED PROPERTY TAX INCREASE FOR THE VILLAGE OF NORTHBROOK, ILLINOIS, INCLUDING THE NORTHBROOK PUBLIC LIBRARY
I. A PUBLIC HEARING TO APPROVE A PROPOSED PROPERTY TAX LEVY INCREASE FOR THE VILLAGE OF NORTHBROOK FOR THE 2025 TAX YEAR WILL BE HELD ON DECEMBER 9, 2025 AT 7:30 P.M. AT 1225 CEDAR LANE, NORTHBROOK, ILLINOIS.
ANY PERSON DESIRING TO APPEAR AT THE PUBLIC HEARING AND PRESENT TESTIMONY TO THE TAXING DISTRICT MAY CONTACT MR. DEREK GAU, VILLAGE CLERK, 1225 CEDAR LANE, NORTHBROOK, ILLINOIS 60062, TELEPHONE NUMBER 847-664-4023.
II. THE CORPORATE AND SPECIAL PURPOSE PROPERTY TAXES EXTENDED OR ABATED FOR 2024 WERE $28,218,739.
THE PROPOSED CORPORATE AND SPECIAL PURPOSE PROPERTY TAXES TO BE LEVIED FOR 2025 ARE $30,888,245. THIS REPRESENTS A 9.46% INCREASE FROM THE PREVIOUS YEAR.
III. THE PROPERTY TAXES EXTENDED FOR DEBT SERVICE AND PUBLIC BUILDING COMMISSION LEASES FOR 2024 WERE $5,188,277.
THE ESTIMATED PROPERTY TAXES TO BE LEVIED FOR DEBT SERVICE AND PUBLIC BUILDING COMMISSION LEASES FOR 2025 ARE $5,842,770. THIS REPRESENTS A 12.61% INCREASE FROM THE PREVIOUS YEAR.
IV. THE TOTAL PROPERTY TAXES EXTENDED OR ABATED FOR 2024 WERE $33,407,016.
THE ESTIMATED TOTAL PROPERTY TAXES TO BE LEVIED FOR 2025 ARE $36,731,015. THIS REPRESENTS A 9.95% INCREASE FROM THE PREVIOUS YEAR.