I. A public hearing to approve a proposed property tax levy increase for the Village of Shannon for fiscal year beginning May 1, 2024 and ending April 30, 2025 will be held on December 3, 2024 at 6:45 p.m. in the Village Hall, 17 E. Market St., Shannon, Illinois.
Any persons desiring to appear at the public hearing and present testimony to the taxing district may contact Denise Bormann, Village Clerk, 17 E. Market St., Shannon, Illinois (815) 864-2194.
II. The corporate and special purpose property taxes extended or abated for the 2023/2024 fiscal year were $138,505.66.
The proposed corporate and special purpose property taxes to be levied for 2024/2025 fiscal year are $151,660.00. This represents a 9.497 percent increase over the previous year.
III. The property taxes extended for debt service and public building commission leases for 2023/2024 fiscal year were $0.00
The estimated property taxes to be levied for debt service and public building commission leases for 2024/2025 fiscal year are $0.00. This represents a 0.00 percent increase over the previous year.
IV. The total property taxes extended for the 2023/2024 fiscal year were $138,505.66.
The total property taxes to be levied for 2024/2025 are $151,660.00 This represents a 9.497 percent increase over the previous year.