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Elgin tax rate to be 54.46 cents

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Property taxes in Elgin are on track to come with a reduction of at least 4 cents in the ad valorem rate.A public hearing and potential adoption of the city’s property tax rate for the next fiscal year has been scheduled for Sept. 27 at 6:30 p.m. The proposed rate is 54.46 cents per $100 valuation, down from the current year’s rate of 58.9977 cents.“That's a reduction over the current rate of almost 5 cents, and it's actually 4 cents lower than what the city could adopt without triggering an election by the public,” said City Manager Thomas Mattis about the tax rate that matches the voter ...

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