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It's a common refrain in Hinsdale. "We pay high taxes to live here." And residents do - in part because their homes are worth a lot of money. But when they make that statement to Village President Tom Cauley, he has some additional information he shares with them. "People assume that their property taxes go mostly to the village, and I tell them it's only 7 percent, and people are usually surprised by that," he said. The village's portion of the tax bill - including the...
Have you looked at your tax bill lately? The answer might be yes, if you’ve paid the second installment of property taxes in DuPage County recently. Or it might be no, if your taxes are rolled into your monthly mortgage payments. Tax bills contain a lot of information. On the right hand side is a column listing the fair cash value of your home, its assessed and equalized value and ultimately its net taxable value, to which the total tax rate is applied. That total tax rate is the sum of individual tax rates for the 13 t...
