East Peoria Will Maintain Property Tax Levy
East Peoria's property tax levy is expected to remain the same next year.
The $5.5 million levy will see a slight $25,000 bump, but property owners aren't expected to pay more any more in property axes.
The city has held the line on its chunk of the overall property tax bill for the past two decades, but Commissioner Dan Decker said it's the correct move, especially during the ongoing COVID-19 pandemic.
"With the many things we need repaired and replaced through the city, we probably could justify an increase," Decker said. "But especially this year, with things being so difficult for so many people, it's the right thing to do."
About four-fifths of the $5.5 million dollars levied will go toward fire and police pensions, said Commissioner Mark Hill, who presided over Tuesday night's city council meeting.
Mayor John Kahl participated virtually.
"Of the 10 taxing bodies, the city's portion represents 12.8%. That is it," he said.
He said people often gripe about their property tax bills, but they should take a closer look at the finer details to educate themselves.
In general, the majority of local property taxes in Illinois are levied by school districts, not municipalities.
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