Calendar

November 2010
S M T W T F S
« Oct   Dec »
 123456
78910111213
14151617181920
21222324252627
282930  

Comments

  • Karrie E. Alms: Amazing insight into the world of politics awaits any reader at pibgorn … from a Demon’s...
  • Tony: Homefield is Dynegy. Dynegy is Ameren. There Charging You twice for the same energy. Do you really thihk $.04...
  • SouthEnder: Also does anyone remember the Velvet Freeze located on Jefferson St, up the street from the Warner Homes....
  • Eric Pollitt: I flew economy class to Hong Kong for Christmas vacation, which is a 14 hour flight. When I got back...
  • Mike: Homefield has been sold to dynery. Google dynegy scandal to see who your new parent is. If this upsets you give...
  • mortified: Fun while it lasted. Godspeed!
  • aaron: your blogging will be missed but i know that your spirit of fairness will remain alive in your other...
  • Jon: CJ, your blog was a revelation and an inspiration. You have a wonderful talent that is an asset to the...
  • Billy Dennis: Of course the Chronicle is done: Screw you. The Chronicle is one of the best researched blogs...
  • Paul Wilkinson: CJ, am sorry you have ended your blog. It was well done. It seems many have given up as we keep...
  • Sharon Crews: Your voice is definitely needed in this community. Thanks for all your insights.
  • emergepeoria: Your blog is great resource to research Peoria issues. I hope you leave it up.
  • BucketHead: I was not suggesting that, I believe the both of you had very strong common sense and that lead to your...
  • C. J. Summers: Without anonymity, there is no courage among my detractors. Take a look back at the wide variety of...
  • Of course the Chronicle is done: Without Sandberg to give stores to the Chronicle there is no Chronicle.

Township property taxes are going up

On the agenda for Tuesday’s City Council meeting is this item under Town business:

RECOMMENDATION: Approve the Proposed Estimated Tax Levy of $2,179,219 with an estimated tax rate of .13663 for the Town of the City of Peoria and enter this action into the permanent record.

The item goes on to say that “the proposed estimated levy of $2,179,219, represents a 2.5% increase in the aggregate levy over last year’s tax extension.” Translation: taxes are going up. The tax rate itself may not be going up due to increases in home values (EAV), but don’t let that fool you. When a government body levies more money than the year before, that’s a tax increase.

5 comments to Township property taxes are going up

  • Well that is the age old government obfuscation… raising tax rates or raising taxes?? Lowering tax increases or lowering taxes?

    If there is a government they are raising taxes. In the same way people raise children, big birds raise baby birds and cats raise kittens, Governments raise taxes…

    Someday, naahh… never mind, what was I thinking?

  • Sterling

    Just to be difficult, according to http://www.usinflationcalculator.com, inflation went up 1.8% from last year to this year, so it’s not as drastic an increase (net 0.7%, or 70 cents for every $100) as it seems.

    By and large though, isn’t an increase in EAV generally a good thing? Especially within the City of Peoria itself, where we’re always dealing with difficulties retaining homeowners and home values.

  • The Mouse

    If there was ever an entity that needed to be eliminated, Peoria Township would be that entity.

  • Mahkno

    “If there was ever an entity that needed to be eliminated, Peoria Township would be that entity.”

    Agreed! This layer of government, designed for the 19th Century, is no longer needed.

    “isn’t an increase in EAV generally a good thing?”

    What the County determines to be your assessed value, often seems divorced from what you would realistically get on the market. Does anyone really believe home values went up at all during the last 2 years? How about staying flat? Don’t look for the County to actually lower your EAV….lol.

    My most recent EAV was effectively flat from the year before, despite seeing a number of homes take huge ‘decreases’ in their sale prices.

  • justan observer

    My EAV went up even though my appraisal went down. The township needs to be eliminated.