Notice of Proposed Property Tax Increase for City of Galesburg, Illinois

December 2, 2016 09:19 AM
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Notice of Proposed Property Tax Increase for City of Galesburg, Illinois
 
I. A public hearing to approve a proposed property tax levy increase for City of Galesburg, Illinois for 2016 will be held on Monday, December 19, 2016 at 6:15 p.m. at City Hall Council Chambers, 55 West Tompkins Street, Galesburg, IL. 
 
Any person desiring to appear at the public hearing and present testimony to the taxing district may contact Cathy St. George, Executive Secretary, 55 W. Tompkins Street, Galesburg, IL 61401; (309)345-3628. 
 
II. The corporate and special purpose property taxes extended or abated for 2015 were $8,243,548.45. 
 
The proposed corporate and special purpose property taxes to be levied for 2016 are $8,873,322.00. This represents a 7.6% increase over the previous year. 
 
III. The property taxes extended for debt service and public building commission leases for 2015 were $629,773.23.
 
The estimated property taxes to be levied for debt service and public building commission leases for 2016 are $0. This represents a 100% decrease over the previous year. 
 
IV. The total property taxes extended or abated for 2015 were $8,873,321.68.
 
The estimated total property taxes to be levied for 2016 are $8,873,322.00.  This represents a 0% increase over the previous year.
 
 

 

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