2021 Budget in Brief

MAJOR CHANGES TO THE BUDGET

PROPERTY TAX REDUCTION

Since 2012, the Village’s overall property tax levy amount has remained flat at $13.425 million. The Village of Orland Park is continuously looking for ways to reduce the cost for our residents. In addition to discounts for Village services and programs, we are happy to announce that at the December 7, 2020 meeting of the Village Board, the board unanimously approved an ordinance to reduce the Village’s portion of the property tax levy. Earlier this year, the Village Board directed staff to reduce the overall property tax levy as part of the proposed fiscal year 2021 budget. This direction was made as a result of the financial burdens many residents are facing because of the economic challenges stemming from the pandemic. The proposed fiscal year 2021 budget reduces the overall property tax levy to $13,033,536, a reduction of $391,982. As a result of this 2.92% tax levy decrease, the tax rate is anticipated to decrease by 6.92% (based on a 1.05% equalized assessed valuation increase) from the Village’s previous tax rate.

6.92% REDUCED BY FROM PREVIOUS LEVY PROPERTY TAX RATE

14 | VILLAGE OF ORLAND PARK FISCAL YEAR 2021 BUDGET IN BRIEF