2008 DuPage County Tax Code Comparison by Dwaynewright


									                                                           Taxing Body Comparison
                                                                                                     Did you Know There are Tax

                       DuPage County Tax Code Comparison
                                                           This document includes a comparison       Exemptions for Senior Citizens?
                                                           of the Woodridge Taxing Bodies to         In fact, there are three (3) real estate tax
                                                           their counterparts within DuPage          exemptions that may be available to senior
                                                           County for the 2007 tax levy year.        citizens who own and occupy their property.
                                                           The Village Board’s focus on reducing
                                                           the tax rate over the past 22 years has   The following is a brief description of each
                                                           allowed Woodridge to remain in the        exemption, followed by contact information to
                                                           lowest quartile of the DuPage             request additional information on these
                                                           community tax rates in 2007 with its
                                                           ranking at 7th lowest of the 35           1)     Senior Citizens’ Homestead Exemption
                                                           communities.                                     provides for a maximum of a $3,500
                                                                                                            reduction in the equalized assed valua-
                                                           The progress since 1990, when                    tion.
                                                           Woodridge was ranked 20th lowest
                                                           for Tax Code 8048 and 17th lowest         2)     Senior Citizens’ Assessment Freeze
                                                           for both Tax Codes 9148 and 9342,                Homestead Exemption provides seniors
                                                           shows that the tax rate decreased $.34           with limited income, protection against
                                                                                                            real estate taxes due to rising property

                                                           and $.33 respectively, over the last
                                                                                                            values (not tax rates).
                                                           seventeen years.
                                                                                                     3)     Senior Citizens’ Real Estate Tax Deferral
                                                           The current Woodridge tax rate of                Program allows seniors with limited in-
                                                           0.2342 is 50% of the average                     come and who meet other qualifications
                                                           municipal tax rate of 0.4710.                    to defer payment of real estate taxes.
                                                           When comparing level of change,
                                                           Woodridge ranks 5th and 6th.              Instructions and forms are available at the
                                                                                                     DuPage County Supervisor of Assessments
                                                           For additional information on             website at www.dupageco.org, or you may call
                                                           Woodridge, visit:                         (630) 407-5858.

                                                            History of Municipal Tax Rate Rankings

                                                           Surrounding Municipalities:
Tax Code Comparison of the Three Main Woodridge Tax Codes

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