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Legislation Details
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Type:
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Ordinance
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Status:
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Agenda Ready
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On agenda:
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11/2/2026
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Final action:
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Title:
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Ordinance for the Levy and Assessment of Taxes for the Fiscal Year Beginning January 1, 2026, and Ending December 31, 2026 in and for the City of Joliet, Will and Kendall Counties, Illinois
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TO: Mayor and City Council
FROM: Kevin Sing, Director of Finance
SUBJECT:
title
Ordinance for the Levy and Assessment of Taxes for the Fiscal Year Beginning January 1, 2026, and Ending December 31, 2026 in and for the City of Joliet, Will and Kendall Counties, Illinois
end
BACKGROUND:
Property tax revenue accounts for 8.5% of General Fund revenues in the draft budget. Unlike all other taxes where the City Council sets a rate, property taxes require that we set the amount each year. Over the past four years, the tax rate for the City’s portion of the property tax bill has decreased while the amount of revenue has increased. The rate has decreased by 11% since 2023. We can increase the total received by charging new properties that are being added to the tax rolls this year. For the 2026 levy (paid in 2027), we are proposing to continue this practice which will result in a total levy of $64,768,967. Last year, the total levy was $61,698,534.
We expected that 2026 will be the fifth consecutive year without a property tax rate increase. These decreases amount to an 11.08% reduction, saving a $250,000 home $121.97 in property taxes since 2023.
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2025 |
2026 |
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Levy Amount |
Levy Amount |
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Police Protection |
$6,559,168 |
$6,654,876 |
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General Fund |
$4,738,896 |
$4,808,043 |
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Fire Protection |
$6,821,560 |
$6,921,096 |
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Police Pension |
$19,909,551 |
$20,509,265 |
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Fire Pension |
$16,491,401 |
$18,342,419 |
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City Total |
$54,520,576 |
$57,235,701 |
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Library |
$7,177,958 |
$7,533,267 |
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Total |
$61,698,534 |
$64,768,967 |
RECOMMENDATION:
recommendation
It is recommended that the Mayor and City Council approve the Ordinance for the Levy and Assessment of Taxes for the Fiscal Year Beginning January 1, 2026, and Ending December 31, 2026 in and for the City of Joliet, Will and Kendall Counties, Illinois
end
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