Village Moves Toward Increasing Tax Levy

Residents would only see a slight increase in taxes if the increases the 2011 property tax levy.

Monday's village board meeting was the first step in the process for approving the 1.5 percent tax increase that would also help fund the  

This means about an extra $10 per year for the homeowner with a $500,000 home in Glen Ellyn.

Interim Finance Director Larry Noller noted that same homeowner currently pays $709 a year on just village taxes, which excludes other taxing bodies like the school districts. If trustees approve the new levy the same homeowner would pay $720 per year.

Noller said the increase is needed since the village's obligations to pensions will increase along with general expenses. Monday night's discussion was one of a few meetings to come. Next the village will hold a public hearing on on Monday, Nov. 14.