- Posted by Barrington Hills
- On January 24, 2017
Barrington Hills Village officials anticipate homeowners paying less in the village’s portion of property taxes this year, after trustees voted to lower the property tax levy for the third year in a row.
Village President Martin McLaughlin was pleased to announce the levy reduction, which is due, in part, to administrative and departmental restructurings and consolidation of emergency dispatch services. The village will request $5.3 million in property taxes in 2017, down from $6.1 million received in 2016. The 2017 village budget is$ 7.5 million, down from $7.9 million the previous year.
McLaughlin thanked the Board of Trustees for their work and support, and commented that he and the board would like to see the counties, townships, fire districts, school districts, and the state follow their lead, recognizing the need for property tax relief.
In 2013, the village was faced with a budget of $8.4 million, which has been reduced to $7.5 million today. The village over the same period has been able to increase cash reserves while also paving more streets per year than in the prior ten years.