Agenda Networking and Coffee...8:00 AM Call to Order, Pledge of Allegiance, Welcome and Introductions Bob Fischer, President, NAHC...

Transcription

1 Agenda Networking and Coffee :00 AM Call to Order, Pledge of Allegiance, Welcome and Introductions Bob Fischer, President, NAHC :30 AM NAHC Reports President s Report Bob Fischer, President, NAHC Treasurer s Report.....Kathy Benson, Treasurer NAHC Property Taxes State Senator Michael Connelly Naperville Township Assessor Warren Dixon Member Comments and Open Forum Adjourn... 10:00 AM

2 December 2016 General Membership Meeting December 10, 2016 Naperville Municipal Center Meeting Room B

3 Pledge of Allegiance

4 Welcome! Bob Fischer President - NAHC

5 Thank You

6 Agenda Networking and Coffee :00 AM Call to Order, Pledge of Allegiance, Welcome and Introductions Bob Fischer, President, NAHC :30 AM NAHC Reports President s Report Bob Fischer, President, NAHC Treasurer s Report.....Kathy Benson, Treasurer NAHC Property Taxes State Senator Michael Connelly Naperville Township Assessor Warren Dixon Member Comments and Open Forum Adjourn... 10:00 AM

7 Attendee Introductions Name Organization or HOA Represented No Speeches Please

8 President s Report Bob Fischer President NAHC

9 Upcoming NAHC Meetings January 21 st State Legislators February 18 th Will & DuPage County Boards March 18 th Substance Abuse in Our Neighborhoods April 22 nd City Council Off the Dais

10 Candidate Forums February 8 - Naperville City Council February 16 - Indian Prairie District 204 February 20 - Naperville Park District March 6 - College of DuPage March 16 - District 203

11 NAHC Reports Treasurer s Report Kathy Benson, Treasurer NAHC

12

13 Property Taxes & You

14 Property Tax Discussion Process, Misunderstanding, and Trends December 10, 2016 Presented by State Senator Michael Connelly Naperville Township Assessor Warren Dixon

15 The Tax Cycle In DuPage County: State Legislature makes the laws; Each Taxing Body sets its own levy; Township Assessors develop values; County Supervisor of Assessments equalizes values; County Board of Review hears and acts on assessment complaints; County Clerk receives and revises tax levies, and develops tax rates; and County Treasurer sends out the bills.

16 Developing Tax Rates Tentative budget Notice & Hearing Approve Budget Tax Levies (what governments spend) Tax Rates (where they meet): (Billable EAV Tax Levy) Levy Notice & Hearing Clerk Calculates Tax Rates Certify Levy to Clerk Treasurer Sends Tax Bills Assessed Values (how spending is divided up) Township Assessor Values SOA Review/ Equalize Change Notices BOR Hearing Certify Values to Clerk

17 Property Tax Extension Limitation Act 1991 TAX CAP LAW Limits increases in funds for Districts from year to year to 5% or the Consumer Price Index (CPI) whichever is lower, regardless of changes in assessments

18 Limits on Tax Levies Tax levies are limited by: Limiting Rates (not applicable to all levies) The Property Tax Extension Limitation Law (PTELL) New Construction The voters, through referendum

19 Developing Tax Rates Tentative budget Notice & Hearing Approve Budget Tax Levies (what governments spend) Tax Rates (where they meet): (Billable EAV Tax Levy) Levy Notice & Hearing Clerk Calculates Tax Rates Certify Levy to Clerk Treasurer Sends Tax Bills Assessed Values (how spending is divided up) Township Assessor Values SOA Review/ Equalize Change Notices BOR Hearing Certify Values to Clerk

20

21 2012 Taxing Districts in DuPage County: 1 Forest Preserve: 1 Water Commission: 1 Airport Authority: 1 Townships: 9 Township Special Police: 4 Township Mosquito: 1 Municipalities: 39 Parks: 40 Sanitary: 8 Fire Protection: 31 Mosquito: 5 Surface Water: 3 Library: 14 Street Lighting: 1 Special Service Areas: 162 Grade Schools: 30 High Schools: 8 Unit School Districts: 10 Junior Colleges: 3 Total: 372 Individual Taxing Districts in DuPage County 188 Are Exempted from Property Tax Extension Limitation Law

22 2013 Taxing Districts in DuPage County: 1 Forest Preserve: 1 Water Commission: 1 Airport Authority: 1 Townships: 9 Township Special Police: 4 Township Mosquito: 1 Municipalities: 39 Parks: 40 Sanitary: 7 (-1) Fire Protection: 31 Mosquito: 5 Surface Water: 3 Library: 14 Street Lighting: 1 Special Service Areas: 175 (+13) Grade Schools: 30 High Schools: 8 Unit School Districts: 10 Junior Colleges: 3 Total: 384 Individual Taxing Districts in DuPage County 200 Are Exempted from Property Tax Extension Limitation Law

23 2014 Taxing Districts in DuPage County: 1 Forest Preserve: 1 Water Commission: 1 Airport Authority: 1 Townships: 9 Township Special Police: 4 Township Mosquito: 1 Municipalities: 39 Parks: 40 Sanitary: 7 Fire Protection: 30 Mosquito: 5 Surface Water: 3 Library: 14 Street Lighting: 1 Special Service Areas: 173 (-2) Grade Schools: 30 High Schools: 8 Unit School Districts: 10 Junior Colleges: 3 Total: 382 Individual Taxing Districts in DuPage County 200 Are Exempted from Property Tax Extension Limitation Law 102 of the 382 taxing bodies do not levy a property tax or 26.77%

24 Distribution of Tax Dollars 6,000 5,000 4,000 3,000 2,000 1, DuPage County DuPage Airport Auth City of Naperville City Naperville Libr Naperville Park Dist Unit School Dist 203 College DuPage 502 Forest Preserve Dist Naperville Twp Naperville Twp Road

25 What are the two largest impacting factors in Property Tax Bills? 1. TAX BASE It s all about the base 2. Public Education Funding

26 EAV, Tax Rate, Tax Amount Comparison AV, Tax Rate & Tax $ 120, , , , , , Assessed Value Tax $ Amount Tax Rate % 0

27 Annual Property Tax Tax $ Amount 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,

28

29

30

31 Commercial Assessed Values in the Loop in Relation to Market PIN Address 2014 EAV Level Assmnt 2014 Est. FMV 2013 Taxes Sale Date Sale Price %FMV Est. Tax % of SP S. Wacker Dr., Chicago* N. LaSalle St., Chicago 133,730,325 25% $534,921,300 $25,291,859 3/15 $1,300,000,000 41% 1.95% 90,000,000 25% $360,000,000 $14,549,975 7/14 $850,000,000 42% 1.71% to N. Clark St., Chicago 65,207,291 25% $260,829,164 $11,859,555 12/14 $715,000,000 36% 1.66% W. Monroe St., Chicago to S. Wacker Dr., Chicago 30 N. LaSalle St., Chicago , W. Monroe St., Chicago W. Madison St., Chicago W. Madison., Chicago S. Riverside, Chicago N. Wacker Dr., Chicago W. Monroe St., Chicago 3,162,637 25% $12,650,548 $575,204 11/14 $58,000,000 22% 0.99% 7,998,458 25% $31,993,832 $1,454,717 3/14 $302,000,000 11% 0.48% 15,617,347 25% $62,469,388 $2,846,266 6/14 $237,500,000 26% 1.20% 22,937,497 25% $91,749,988 $3,461,014 9/14 $243,250,000 38% 1.42% 57,044,892 25% $228,179,568 $10,375,007 12/13 $425,000,000 54% 2.44% 66,812,500 25% $267,250,000 $12,151,502 8/14 $374,600,000 71% 3.24% 35,848,845 25% $143,395,380 $6,519,997 12/14 $247,000,000 58% 2.64% 15,906,713 25% $63,626,852 $2,893,028 8/14 $210,000,000 30% 1.38% 18,720,524 25% $74,882,096 $1,788,558 7/14 $122,000,000 61% 1.47%

32 2015 Assessments Speaker Michael Madigan Property Value : $262,740 Total Assessed Value : $26,274 Property Tax Extension : $4, Violet Circle, Wildflower -Naperville Property Value : $269,097 Total Assessed Value : $89,690 Property Tax Extension : $6,863.00

33 Cook County BOR Appeals

34 Challenges for Local Government School Funding Formula Δ Senate Bill 231 formally SB 16 & SB 1 Loss of LGDF to Municipal Government Pension Shift Unfunded State and Federal Mandates Property Tax Freeze Home Rule Units Have Options Schools Limited Options HB 696 Rep. Jack Frank

35 Questions and Discussion

36

37 Questions/Open Forum Recognized by Chair Name Organization or HOA Represented No Political or Commercial Pitches Please Limit Comments/Questions to 1 Minute

38 Thank You

39 ADJOURN For Breaking News & Information Keep an Eye on Our Website at Watch for Your Next Newsletter on January 1 Next NAHC Meeting is January 21st In Meeting Room B of the Naperville Municipal Center Thanks for spending part of your Saturday with the NAHC!