Understanding Property Taxes

Rockford Register StarIn a recent article by the Rockford Register Star on Property Taxes Jimsi Kuborn, VP for Investor Relations and staff liaison for the RAEDC’s Leadership Council states,” More businesses are coming to Rockford and investing in the community and some home values are starting to increase. These factors can help reduce the tax rate.”

The Leadership Council has created an ad hoc project that has been working on the Equalized Assessed Value (EAV) to educate the public about how property tax amounts are generated and used, as well as, identifying and proposing solutions for forward thinking strategies to ensure a sustainable and expanded tax base.

The Rockford Register Star investigates the reasoning behind the high property tax rates when compared to lower property values, which have been declining in the Rockford Region each year since 2009. 

Read the full article on RRStar.com

To learn more about the efforts of the Leadership Council or to read the white paper visit RockfordIL.com

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