Lockport Approves $6.7 Million Property Tax Levy

LOCKPORT, IL — At its Dec. 4 meeting, the Lockport city council approved the adoption of the 2019 property tax levy. The total tax levy for 2019 is $6,700,220 for the city of Lockport. The city council approved the tax levy with a vote of 6-1, with Alderwoman Catherine Perretta voting against. Alderwoman Christina Bergbower was absent.

In 2018, the city's tax rate was .8638, estimates show 2019's tax rate is .8201, board documents state.

According to board documents, the city estimates it will have its fifth year of an overall increase in Equalized Assessed Value. Due to the increase in assessed value, the city expects its overall tax rate will decrease.

If all estimates are true, a $250,000 house will pay $13.29 less in property taxes in 2020, board documents state.

The city broke the tax levy down, and levy items and amounts are:

• General corporate purpose fund, $2,320,000
• Police protection fund, $1,044,000
• Civil defense fund, $8,000
• Refuse, $2,500
• Illinois Municipal Retirement Fund, $182,500
• Social Security fund, $182,500
• Liability fund, $232,000
• Police pension fund, $1,519,000
• Municipal auditing fund, $30,000
• School crossing guard fund, $1,600
• Street lighting, $233,000
• Stormwater management, $3,500
• Principal and interest on outstanding bonds, $941,620