The property tax burden in the Village of Lisle has shifted significantly since 2001 when Joe Broda was first elected Mayor.
Back in 2001, residential property owners carried 51% of the total property tax burden and commercial and industrial property owners carried 49% of the tax burden.
In 2013, residential property owners carried 62% of the total property tax burden in the Village while commercial and industrial property owners only carried 38% of the tax burden.
This overall 22% shift in the property tax burden to residential property owners is due to both a reduction in the total assessed valuation for commercial and industrial property and an increase in the total assessed valuation of residential property in the Village.
Sadly, under Mayor Broda (now in his 4th term of office), the Village of Lisle has been focused development of new residential. The commercial and industrial tax base has eroded leaving the residents to pick up the slack and pay more and more tax.
Sadly, under Mayor Broda (now in his 4th term of office), the Village of Lisle has been focused development of new residential. The commercial and industrial tax base has eroded leaving the residents to pick up the slack and pay more and more tax.
- 2001 Commercial + Industrial EAV = $ 373.5 Million
- 2013 Commercial + Industrial EAV = $ 350.0 Million (6% reduction)
- 2001 Residential EAV = $ 392.7 Million
- 2013 Residential EAV = $ 566.0 Million (44% increase)
(click image to enlarge)
While total blame cannot be placed at the feet of the Mayor’s philosophy he is certainly not without fault. I just received my 2014 property tax bill and 15 of 21 tax category rates experienced an increase and has been pointed out is nothing new. Over the years when business has knocked at Lisle’s door, other than Starbuck’s, they were often met not with optimism but with pessimism. The limited land available for major commercial development has not been used judiciously and the downtown “revitalization” has in no way met expectations particularly in light of all the monies spent. Other than Yerbabuena neither the preponderance of business owners nor residents find it user friendly. Being pretty has not translated well.
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