EFFECTIVE JANUARY 12, 2024, AT 7:00A.M.- THE CITY HAS DECLARED A SNOW EMERGENCY. PARKING IS PROHIBITED ON ALL CITY STREETS AND PARKING LOTS UNTIL STREETS ARE CLEARED

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  5. Notice of Proposed Property...

I. A public hearing to approve a proposed property tax levy for the City of Belvidere for 2024 will be held on December 2, 2024 at 6:00 p.m. in the City Council Chambers located at 401 Whitney Boulevard, Belvidere, Illinois.

Any person desiring to appear at the public hearing and present testimony to the taxing district may contact Sarah Turnipseed, Budget & Finance Officer, 401 Whitney Boulevard, Suite 100, Belvidere, Illinois 61008 (815-544-2612).

II. The corporate and special purpose property taxes extended or abated for 2023 were $6,407,498.

The proposed corporate and special purpose property taxes to be levied for 2024 are $6,716,682. This represents a 4.8% increase over the previous year.

III. The property taxes extended for debt service for 2023 were $0.00.

The estimated property taxes to be levied for debt service for 2024 are $0.00.

IV. The total property taxes extended or abated for 2023 were $6,407,498.

The estimate total property taxes to be levied for 2024 are $6,716,682. This represents a 4.8% increase over the previous year.

V. The tax levy for Special Service Areas #2 and #3 shall not exceed 0.12% of the value as equalized or assessed of taxable property within the Special Service Areas #2 and #3.