Title
Resolution Determining The 2026 Tax Levy In Compliance With The Truth In Taxation Law
History
Executive Summary
Village Levy Remains Flat: The proposed property tax levy for the Village of Orland Park is $13,669,063, which is identical to the prior year's extension ($13,669,063) - representing a 0.00% change (flat levy).
Police Pension Contribution: The police pension tax levy is $6,592,034 for 2026, compared to $6,085,639 extended in 2025 (an increase of $506,395, or 8.32%). This is driven by actuarial requirements and demographic changes, including retirements and replacements (some lateral hires from other municipalities). The actuarial valuation date used is December 31, 2025.
IMRF, Social Security, and Corporate Purposes:
The IMRF levy remains flat at $2,044,651 (0.00% change).
Social Security (FICA) decreases by $491,945 (-51.54%) to $462,487.
General Corporate Purposes remains flat at $100,000.
Recreation & Parks remains flat at $1,269,063.
Debt Service: The direct levy for bond payments totals $3,200,828 for 2026, down slightly from $3,215,278 in 2025 (-0.45%), with specific bond issues appropriately offset by debt service abatements.
Orland Park Public Library Levy: The Library levy has not yet been approved by the Library Board, but will do so at their November 16, 2026, meeting. A proposed levy totaling $7,690,682 for operations (a 4.21% increase from the previous year's $7,379,985), with no levy for debt service. This is the maximum potential levy in which the Library can increase, until the actual levy is determined,
Equalized Assessed Valuation (EAV): The total EAV for the Village is estimated at $3,080,945,473 (comprising $3,059,977,115 in Cook County and $20,968,358 in Will County), accounting for the Cook County Triennial Reassessment.
Combined Total Levy: The combined total levy for the Village of Orland Park and the Orland Park Public Library is $21,359,745, representing an overall increase of 1.48% over the previous year ...
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