EAST PEORIA, Ill. — East Peoria City Council is expected to collect slightly more property tax in 2021 than it did in 2020, but at no extra cost to those who already pay such taxes.
Council on Tuesday night approved the first reading of a levy ordinance that would result in a .46% increase, which would equal an extra $25,416.
However, council estimated that revenue would be collected from properties being assessed for the first time, and thus existing property owners would be paying the same amount in 2021 they did in 2020.
“With the many things we need to repair and replace throughout the city, we probably could justify an increase but, especially this year, with things being so difficult for so many people, I think it’s the right thing to do, to do whatever we can,” said Commissioner Daniel Decker.
“Hopefully, the other taxing bodies will, as well, to try to keep the taxes at least flat, so hopefully those suffering can get any type of relief possible.”
Mayor John Kahl said the city hasn’t actually raised property tax in many years.
“If residents would look at their property tax bill, you’ll the City of East Peoria Corporate is one of 10 taxing bodies on your property tax bill. Of the 10 taxing bodies, the city’s portion represents 12.8%, [and] that is it,” Kahl said.
“I know folks get wound up about their property taxes increasing every year. I, personally, am proud for the five years I’ve sat on this council to support rate equivalent, whereas the city hasn’t raised its portion of your property taxes in 20 years.
“So, I encourage people to educate themselves on your property tax bill. Every taxing body will hold a meeting to approve their tax levy, so I encourage residents to pay close attention to that, and use your voice where it needs to be [used].”
The city would collect a little over $5.5 million. Around $4.5 million of that would go to police and fire pensions.
The other million would fund things like street lighting and workers’ compensation, among other line items.
