April 2021 Senior Newsletter

SENIOR SAVINGS

Property Tax Reduction

A senior’s household finances can be burdensome for many. The Village of Orland Park is continuously looking for ways to ease the strain. 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. A 2.92% tax levy decrease was approved and the 2020 tax rate has now decreased by 6.92% (based on a 1.05% EAV increase) from the Village’s 2019 tax rate.

PROPERTY TAXES

6.92% REDUCED BY FROM PREVIOUS LEVY

FILE TAXES FOR FREE

DISCOUNTED VEHICLE STICKERS

S&P AA+ CREDIT RATING

Any resident who is currently 65 years of age or older, or will be 65 years of age during the two-year license period, shall be issued one vehicle sticker for $10.00. Two senior citizen vehicle stickers per household may be purchased if there are two household drivers age 65 or older starting mid-may.

Standard & Poor’s Global Ratings (S&P), one of the nation’s premier credit rating services, announced an affirmation of the Village of Orland Park’s high-grade AA+ credit rating. This AA+ rating, the second highest long-term credit rating an institution can receive from S&P, will keep the Village among an elite group of aspirant communities.

IRS tax tip: In times like these, every penny counts. This is especially true for taxpayers on a fixed income. Seniors and retirees can file their taxes for free at irs.gov/newsroom/free- file-can-make-taxes-easier-for- seniors-and-retirees.

4 | ORLAND PARK SENIORS

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