The City of Wheaton passes annual tax levy of $23 million, down about .1 percent from the previous levy.
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 reviews proposed tax levy for 2012, and an abatement ordinance reducing the city's debt service levy.
Wheaton City Council Monday had its first reading of the proposed 2012 tax levy of about $23 million. The passing of a tax levy abatement ordinance would reduce the overall levy to about $18.7 million, down about .1 percent from last year's levy, costing taxpayers 98 cents per $100 of equalized assessed valuation (EAV). 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. About $15.3 million is levied for general purposes and $7.7 million for debt services. The proposed ordinance would abate $4.2 million of the debt service levy, reducing the debt service levy from $7.7 million to $3.4 million…
City Council accepts first readings for 2011 tax levies.
Wheaton City Council approved the following agenda items at its Dec. 5 meeting at City Hall: New Business: All new business items were passed in one motion. Unfinished Business Ordinance authorizing the execution of a first amendment to an annexation agreement with Amberwood Estates subdivision: Council amended the 2006 agreement to set uniform standards for front- and side-yard setbacks. The minimum front-yard setback is 30 feet. The minimum side-yard setback for homes with more than one and a half stories is 35 feet. New Business
