property taxes

Reed Township property taxes could see “significant” increases

Published by admin on Tue, 08/02/2022 - 3:20pm

Assessments from Reed Township have been an issue with members of township and Braidwood city government over the past year.

Now, as newly appointed assessor Mary Jones works through the list of properties to correct mistakes, members of the township board said the result could be significant sticker shock for some homeowners.

Wilmington approves annual tax levy

Published by admin on Tue, 12/29/2020 - 3:06pm

The city of Wilmington has approved its annual tax levy.

On Dec. 15, the members of the City Council approved the annual levy in the amount of $1.256 million.

The annual levy is property tax levied and assessed upon all property within the corporate limits of the city that are subject to taxation, according to the valuation that is assessed and equalized for state and county purposes.

Property taxes provide just a portion of the city’s overall revenue base.