This Hinsdale Neighborhood Seeing Drop In Taxes

HINSDALE, IL — Hinsdale's village president had good news Tuesday for The Woodlands neighborhood: It is expected to enjoy a big drop in taxes next year.

Ten years ago, the village issued bonds to pay for drainage improvements in The Woodlands. This was in response to "excessive flooding" in the area, officials said. A total of 161 property owners saw an increase in their tax bills over the last decade.

Each year, the total tax levy has been $190,000, but because the neighborhood's account has $112,000 in it, the taxpayers only need to make up $78,000 in the last year of the bond payments. As a result, the average savings for taxpayers next will be $600, Village President Tom Cauley said.