City To Review Property Tax Rate Reduction Ordinance

CRYSTAL LAKE, IL — The Crystal Lake City Council will review a proposed property tax levy ordinance on Dec. 18 that would reduce the city’s property tax rate by 5.11 percent from the previous year. The amount of money that would be raised by the levy is estimated to be $17,071,035.

"The 2018 property tax levy will ensure that the city continues to provide residents with high-quality police and fire protection, water and wastewater treatment services, brush pick-up and drop-off, street maintenance, and other city services, including the Three Oaks Recreation Area," The city said in a media release.

When comparing surrounding communities that provide like services, Crystal Lake’s portion of a property owner’s tax bill is among the lowest, the city said. As a result, only around 10 percent of the property tax bill is attributable to municipal services provided by the City of Crystal Lake.

The Government Finance Officers Association voted to award the City of Crystal Lake’s budget document the Distinguished Budget Presentation Award for the 2017/2018 fiscal year. For 28 years in a row, the city has received the Certificate of Achievement for Excellence in Financial Reporting from the association.

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