Adams County Board adopts tax levy
Quincy, Illinois —
Adams County residents won't see an increase in their property tax rate from the county board next year.
Tuesday night, the board adopted a tax levy of 79.34 cents per $100 of assessed valuation.
That's nearly the same amount as last year's rate.
County Finance Committee Chairman Duane Venvertloh says the County will collect nearly $9.5 million, some $360,000 more than last year.
He said that's due to a rise in assessed valuations, which won't affect the County's tax rate.
For the taxpayer whose assessed valuation is unchanged, their tax bill should be unchanged from the County's portion.
That extra amount will cover some budget increases in County offices, and shortfalls in state funding.
The County Board also held an emergency meeting, to adopt a resolution authorizing borrowing some of the money raised when the County issued $25 million in bonds to pay for building the new County Jail.
Venvertloh says the County will borrow $10 million this year, $10 million next year and $5 million in 2019.
The emergency meeting was necessary because the issue didn't make it onto the agenda on time.