YORKVILLE – Property owners in Yorkville should see little if any increase on the city portion of next year’s property tax bill.
For those who do receive a larger city bill, it will have resulted from an increase in the assessed value of their property, Mayor John Purcell said.
The city will levy a total of $4.5 million to help fund both municipal operations and the Yorkville Public Library, on tax bills payable in 2022.
The Yorkville City Council approved the levy, which includes slightly more than $3.5 million for the city and $935,000 for the library, at its Nov. 23 meeting.
The levy represents a 3.75% increase over last year, or about $128,000.
However, the increase is designed only to capture the additional value created by new construction in Yorkville, the mayor said.
“We’re taking new construction only,” Purcell said. “The levy from the rest of the properties, we’re holding that part flat.”
City Finance Director Rob Frederickson broke down the tax levy in a memo to aldermen.
The levy includes nearly $985,000 for general corporate expenses and slightly more than $995,000 for police department operations.
The biggest line item in the levy is more than $1.3 million for the city’s contribution to the Yorkville Police Pension Fund.
There is also $150,000 for Federal Insurance Contributions Act payments on the city’s payroll and $90,000 for audit, liability insurance and school crossing guard expenses.
The $935,000 for library operations is levied separately, Frederickson explained in his memo.
The city’s tax levy is only one part of the property tax bill received each spring by Yorkville property owners.
The tax bill also includes line items to fund Yorkville School District 115, Waubonsee Community College, Kendall County and other local units of government.