Sycamore leaning toward property tax freeze?
SYCAMORE – For the third year in a row, the Sycamore City Council could decide to freeze its property tax levy.
The City Council will discuss four different property tax options today, with City Manager Brian Gregory recommending the city hold its levy at $2,646,621 – the same amount Sycamore has operated on since 2009. The levy is the total amount of money the city is requesting in property tax revenue.
By holding the levy, the average homeowner would see a slight increase of $1.20 on his city portion of the property tax bill because of decreasing Equalized Assessed Value. EAV – which measures the total value of property in the city – is expected to drop from $410 million to $371 million. That is down from the all-time high of $458 million in 2009.
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at email@example.com