Wheaton Decreases Tax Levy in 2012

For the third consecutive year, the City of Wheaton decreased its annual tax levy, approving a $23 million levy Dec. 17.

Of the total $23,005,047, about $15.3 million is levied for general purposes and $4.4 million is for debt services, according to a message from the city.

When the abated portion of the debt service is included, it reduces the debt service levy to about $3.4 million and the resulting tax levy for 2012 is about $18.7 million, down about .1 percent from the previous year’s levy.

The amount due for a resident with a $400,000 house would be $1,307, the amount due for a resident with a $300,000 would be $980 and the amount due for a resident with a $200,000 house would be $653.

Wheaton Finance Director Robert Lehnhardt told City Council at a Dec. 5 planning session the impact on the taxpayer is based on the equalized assessed value (EAV) of their property. The majority of property owners shouldn't see significant changes to the city portion of their tax bill, he said. 

The levy is "relatively the same" to the 2011 levy, he said.

Information courtesy of the city of Wheaton.