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McLean County Property Taxes Grow Barely More Than Inflation Rate

Fri, 25 Apr 2014 16:02:54 CDT
By: Charlie Schlenker

The McLean County Treasurer's office says the total property tax bill for everyone in the county is up by just under two percent from last year. Taxable property is up only seven tenths percent. In comparison, the inflation rate last year was about 1.5%. The Treasurer and Tax Collectors office say the total tax bill for all property owners in McLean County is about $300 million dollars, an increase of $5.6 million from 2013. Individual taxing districts determine the bill, though the county sends it out and then distributes the revenue based on taxable property of about $3.62 billion. The year before property values totaled $5.89 billion. Property tax bills are due June 2nd and September 2nd. Schools are the largest recipients of property tax dollars in the county.

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