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La Salle County Board finance committee chairman Tom Ganiere (R-Ottawa) examines the county’s tax levy ordinance as it is being read aloud before a vote. Board members Thursday voted unanimously to pass its 2013 tax levy which will result in a slight increase in property taxes next year. NewsTribune photo/Anthony Soufflé
OTTAWA — The county government’s portion of your property tax bill will stay just about the same as last year.
La Salle County Board members voted unanimously to approve its 2013 tax levy Thursday during their second full board meeting this month.
The tax rate will increase slightly to .9476 from .9434 per $100 of equalized assessed valuation. For a $100,000 property, a taxpayer can expect to see the county’s portion of their tax bill at about $259, up a couple bucks from the roughly $257 they paid this year.
“It effectively leaves our tax rate flat from last year,” said finance committee chairman Tom Ganiere (D-Ottawa).
The minor rate bump disguises a major financial problem affecting the county board. Countywide, property values have dropped in value by 2 percent, losing an estimated $50.5 million in taxable value. That means county government operations and expenses from road repair to day-to-day operations will have to make due with less funding next year.
Only two areas of the county’s levy will see increases.
The county’s self-insurance program will receive an additional $510,000 to help pay for new bonds that were sold to fund the program earlier this year.
Also, La Salle County Nursing Home will see a $280,000 boost in tax revenue to pay for infrastructure repairs.
But overall, the county will receive nearly $500,000 less in revenue than it did last year.