New Lenox Village Board Approves 2025 Tax Levy; Tax Rate Projected to Decrease

New Lenox Village Board of Trustees Meeting | Dec. 8, 2025

Article Summary: The New Lenox Village Board of Trustees approved the 2025 tax levy following a public hearing, with officials projecting a decrease in the village’s tax rate despite an increase in the total levy amount. The Board also moved to abate over $10 million in debt service, ensuring those costs are not passed on to property owners.

2025 Tax Levy Key Points:

• Total Levy: The approved 2025 tax levy is $4,008,610.

• Tax Rate: The overall village tax rate is estimated to decrease to under $0.29 per $100 of equalized assessed valuation.

• Debt Abatement: The Board approved ordinances abating 100% of the General Obligation debt, totaling $10,400,989, preventing it from being added to property tax bills.

• Growth Factors: The levy increase exceeds 5% due to $36.3 million in estimated new growth and a CPI of 2.9%.

The New Lenox Village Board of Trustees officially approved the 2025 tax levy during its meeting on Monday, December 8, 2025. The approval followed a public hearing where village staff outlined the financial details of the request.

The village’s tax levy for 2025 is set at $4,008,610. Village officials noted that a public hearing was legally required because the total increase over the 2024 levy exceeded 5%. Staff attributed this increase to significant new growth in the village, estimated at $36.3 million, and a Consumer Price Index (CPI) adjustment of 2.9% set by the Illinois Department of Revenue.

Despite the increase in the total levy amount, the village’s tax rate is expected to drop. “The overall village’s tax rate is estimated to decrease to under 29 cents,” a finance official stated during the hearing. The village’s portion of a resident’s total tax bill is approximately 3.58%.

Officials confirmed that the entirety of the levy will be dedicated to mandated pension obligations, including the police pension fund, the Illinois Municipal Retirement Fund (IMRF), and Social Security.

In a move to protect taxpayers, the Board also passed ordinances abating 100% of the village’s General Obligation debt. This action effectively removes $10,400,989 in debt service payments from the property tax rolls.

There were no comments from the public during the hearing. The levy and associated abatements were subsequently approved as part of the consent agenda by a unanimous vote of the Trustees.