Election season is also the time for county treasurers to try to recoup unpaid property taxes. When property taxes go unpaid, Illinois counties rely on outside buyers to pick up the tab.
The Rockford School Board voted unanimously Tuesday night — without discussion or debate — to lower the property tax rate by 58 cents for next year’s tax bills.
The owner of a $100,000 house could see a 10 percent reduction in his or her property tax bill, at a cost of roughly $9.3 million to the Rockford School District in fiscal 2013.
DeKalb County treasurer predicts additional rate increases and lower assessments for the next couple of taxing cycles.