The Village Board lightened homeowners’ 1998 property-tax bills recently by abating $1.14 million in tax levies to pay off nearly $10 million outstanding bonds.
“No, you’re not going to get a check in the mail from this,” said a joking Village President John Geils as murmurs of approval rose from the audience during the vote.
In fact, homeowners have never paid extra property taxes to pay off the last three bond issues, said Finance Director Thomas Truty.
Without the abatements, the owner of a $150,000 house would have to pay about $120 more to cover this year’s bond payments, Truty said.
“Maybe $120 doesn’t sound like much when you’re talking about a $3,000 tax bill, but we are concerned with what our residents pay and we try to bring it down as much as we can,” Truty said.
