Let's Take a Look at Real Estate Tax Bills in Geneva
The arrival of tax bills last week, with many showing reduced assessed values for properties, is giving Bob McQuillan of Geneva some sad sense of satisfaction.
McQuillan founder of Geneva Tax For Accountable Controlled Spending
refreshed our memories last week.
"I thought I would resend the first email that FACTS ever sent. It was sent to every member of every taxing body in Geneva. I have highlighted what FACTS was trying to accomplish. This email is dated August 22, 2008, clearly most taxing bodies did not hear our message of a need to reduce budgets," McQuillan wrote last week.
"I kinda wish we were wrong in our prediction!"
In that August 2008 announcement, McQuillan wrote: "If the current downturn in the housing market continues, the assessment received in December 2009 will reflect the loss in property value in the years 2006, 2007 & 2008. Clearly each taxing body's revenue is directly related to home assessments. A decrease in assessment, which appears very likely, will mean a decrease in revenue for each taxing body.
"It is the group's goal to be proactive to this potential 'perfect storm' and avoid the possibility of homeowners paying more taxes on property that has less value than today."
That's come to pass for his property for 2010, Kane County tax records show. He will pay 6.2 percent more in property taxes this year than last, even though his property's value decreased 2.2 percent. But for the 2009 tax bill, taxes dropped by 4.6 percent, and the property value decreased by 6.5 percent.
McQuillan has run, unsuccessfully, for the Geneva school board and the Republican nomination for the state House 50th District.
[URL]Washington update: Maureen Levy, the Geneva High School junior serving as a Senate page this spring, was home on break recently and gave an update to the Geneva city council. …