To the Editor:
Thanks to our Nunda Township Assessor’s Office, our properties have been reassessed and lowered according to the depressed market values the past few years. Now, the state of Illinois insists on applying an insane state equalizer factor of 1.0243 for 2012 and 1.0177 for 2011, roughly a two percent increase each year.
However, the real problem is the tax code rate, which is the multiplier that is applied to our final assessed property values. This year, the rate is $10.167637. Last year, it was $8,871993 per $100 assessed value, or an outrageous 14.7 percent increase for only one year.
This tax code rate increased a plus 64.88 percent since 2006, so forget about the taxing districts 2 to 3 percent tax levy increase levels that were declined. The real problem is this tax code rate. Regardless of the lowering of our assessed property values, this tax code can be adjusted to accommodate any reduction to facilitate the outrageous uncontrolled spending at our expense.
We must demand a yearly cost-of-living adjustment maximum of 2 to 3 percent. The current tax code rate increase of 14.7 percent is totally out of control.
Case in point: Our Mental Health Board spending $3 million for administration, payroll and luxurious facilities for 36 employees. Where are the volunteers?
Take the time, write, call, whatever. Our local legislators contact information is listed in Monday’s Northwest Herald.