WINNEBAGO COUNTY (WIFR) -- If you live in Winnebago County, prepare to shell out more in taxes next year. Board members agreed tonight to increase the amount.
The county will get $600,000 more next year from taxpayers because of this increase. Board members say if the increase hadn't been approved, our taxes would have gone up anyway because home values in the county have dropped. Finance Committee Chairman Ted Biondo says for the last three years, the county collected $38.4 million from home owners. In 2014, the total jumps to $39 million, meaning our property tax rate will increase from 94 cents to a $1.02. For someone who owns a $100,000 home, you'll pay an extra three bucks in property taxes
Biondo says the county's portion of our tax bill is 7.5% of the overall bill. The entire county budget is $200 million. Cuts to that budget will need to be made so the county can add a third juvenile court room, start a gang task force and hire new Sherriff’s deputies next year. The exact tax rate for 2014 won't be finalized until after homeowners have had a chance to challenge their property tax assessments; that happens in the spring.