Title
An Ordinance Providing For The Levying, Assessment And Collection Of Taxes For The Current Fiscal Year Of The Village Of Orland Park, Cook And Will Counties, Illinois
History
The Village Board has discussed the tax levy at the October 15th budget workshop, and also approved the Resolution Determining the 2025 Tax Levy in Compliance with the Truth in Taxation Law on November 3. A Truth in Taxation Hearing was not needed; however, in the interest of transparency, a Truth in Taxation Hearing Notice was published on November 17, and the hearing was held on December 1. The attached ordinance will be filed with Cook and Will Counties prior to the last Tuesday in December.
The attached ordinance includes a total Village levy of $13,669,063 in the following categories:
General Corporate: $100,000
Recreation & Parks: $1,269,063
FICA: $954,432
IMRF: $2,044,651
Police Pension: $6,085,639
Bonds: $3,215,278
The impact to the homeowner as a result of the proposed tax levy will depend on changes to assessed valuation of the homeowner’s property. If the assessed value of a homeowner’s property remains the same from the previous year and the State equalizer increases by 3.75%, as projected based on a prior 10-year history, from the previous year, the Village portion of a homeowner’s tax bill would not be impacted as the levy would capture all new growth.
Orland Park Public Library Levy
The Library’s tax levy for operations will increase by $297,985, or 4.21%, for a total levy of $7,379,985.
Recommended Action/Motion
I move to adopt an Ordinance entitled: AN ORDINANCE PROVIDING FOR THE LEVYING, ASSESSMENT AND COLLECTION OF TAXES FOR THE CURRENT FISCAL YEAR OF THE VILLAGE OF ORLAND PARK, COOK AND WILL COUNTIES, ILLINOIS, WHICH INCLUDES A VILLAGE LEVY IN THE TOTAL AMOUNT OF $13,669,063 AND A LIBRARY LEVY IN THE AMOUNT OF $7,379,985, FOR A TOTAL OF $21,049,048.