Notice of Proposed Property Tax Increase for City of Waukegan, Lake County, Illinois.

 

• A public hearing to approve a proposed property tax levy increase for the City of Waukegan, Lake County, Illinois for the 2010 Levy Year will be held on December 20, 2010 at 6:00 p.m., at Council Chambers, City Hall, City of Waukegan, 100 N. Martin Luther King Jr. Ave., Waukegan IL 60085.

 

Any person desiring to appear at the public hearing and present testimony to the taxing district may contact Wayne Motley, City Clerk, City Hall, City of Waukegan 100 N. Martin Luther King Jr. Ave., Waukegan IL 60085 or (847)599-2513.

 

• The corporate and special purpose property taxes extended or abated for the 2009 Levy Year were $19,038,336.87.

 

The proposed corporate and special purpose property taxes to be levied for the 2010 Levy Year are $29,851,000.00. This represents a 57% increase over the previous year.

 

• The property taxes extended for debt service and public building commission leases for the 2009 Levy Year were $6,700,641.60.

 

The estimated property taxes to be levied for debt service and public building commission leases for the 2010 Levy Year are $9,979,000.00. This represents a 49% increase over the previous year.

 

• The total property taxes extended or abated for the 2009 Levy Year were $25,737,978.47.

 

The estimated total property taxes to be levied for the 2010 Levy Year are $39,830.000.00. This represents a 55% increase over the previous year.