JOHNSBURG – Johnsburg residents can expect property taxes that go to the village in 2013 to go up.
The Johnsburg Village Board unanimously passed a property-tax levy of $1,028,457, a 4.99 percent increase over what it received last year. One board member, John Huemann, was absent.
The village’s total estimated property value fell in 2012, despite $5 million worth of new growth, most of that coming from Walmart, Village Administrator Claudett Peters said. The village captured some of the growth from Walmart last year, but next year it will collect the rest, which will be “the bulk of the value,” Peters said.
The levy was designed to capture revenue the village can collect under the state property-tax cap law, Peters said. The cap limits villages to a levy increase of 5 percent or the rate of inflation, whichever is less, plus any new construction and improvements to homes and businesses. Inflation was pegged at 3 percent.
The levy increase was spread relatively evenly among the village’s expected cost of doing business, Peters said.
“We’re in really good shape,” Village President Ed Hettermann said. “We’ve been very conservative all the time.”
McHenry County taxing bodies have been mixed in their approach to levies this year. Typically, most governments take the maximum allowed under the cap, but this year, more entities have chosen to keep their levies level. And some are considering tax abatements.