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Daily Journal
     December 11, 2019      #93-345 KDJ
 

City tax rate drops as property values rise 

KANKAKEE — Kankakee’s portion of the upcoming year’s tax bill will be down — albeit ever so slightly — as the Budget Committee unanimously approved a $12.7 million tax levy.

As a result, the tax bill for the owner of a $100,000 house in Kankakee could go down by about $100, city officials noted Monday. The city tax rate, as a result, is expected to drop from 6.05 percent to 5.75 percent.

The decrease is being aided by a resurgence in Kankakee property values, which is being largely attributed to housing value gains.

The city, of course, is not the only ...

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Lee Provost