Levy approval spells property tax increase

Levy approval spells property tax increase

County's overall rate hike expected to total 4.85%

URBANA — Champaign County Board members gave final approval Thursday night to a tax levy ordinance that likely will result in a tax increase for most county property owners.

The county's tax levy will increase about 2.9 percent from $28.8 million to $29.7 million under the proposal adopted 19-0.

The overall increase in the county's tax rate is estimated to be 4.85 percent, meaning that the owner of a home assessed at $150,000 would pay about $18 more in property taxes next year.

The county's overall assessed valuation is projected to decrease by about 1 percent, primarily because millions of dollars of Carle Foundation properties have been removed from tax rolls after a new charity care exemption law was approved by the Legislature last year.

The board also approved, 13-6, a $37.8 million general corporate fund budget for the fiscal year beginning Dec. 1.

All of the no votes came from Republican board members: Aaron Esry, Stanley Harper, Stan James, John Jay, Jim McGuire and Max Mitchell. They did not explain their no votes.

Board members also voted to issue $937,885 in tax anticipation warrants, a form of short-term borrowing, in order to help the nursing home with its cash flow. The facility traditionally has greater cash demands in November and December, according to Scott Gima, the manager of the home.

The board gave its final approval to the reappointment of Cathy Emanuel of Champaign to the county nursing home board, as well as the appointment of two new members to the panel, Sam Banks of Champaign and Maj. Gen. (Ret.) Donald Lyn of Mahomet.

Board members Diane Michaels, Jeff Kibler and Giraldo Rosales were absent from the meeting.

Sections (2):News, Local


News-Gazette.com embraces discussion of both community and world issues. We welcome you to contribute your ideas, opinions and comments, but we ask that you avoid personal attacks, vulgarity and hate speech. We reserve the right to remove any comment at our discretion, and we will block repeat offenders' accounts. To post comments, you must first be a registered user, and your username will appear with any comment you post. Happy posting.

Login or register to post comments