D-158 not looking for more property tax dollars
HUNTLEY – District 158 is asking for the same amount of property tax dollars for the second consecutive year, a decision primarily driven by the late arrival of a state construction grant.
The district’s flat, $61 million property levy request likely will translate into tax relief for most homeowners in the district’s boundaries because property values in McHenry and Kane counties declined by roughly 10 percent.
But for the ones who didn’t have home values decline, the district’s flat request coupled with declining values mean their tax bills will rise. The district’s tax rate increased by 60 cents per $100 equalized assessed value.
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