Council Approves 2025 Tax Levy; Tax Rate Expected to Decrease
Litchfield City Council Meeting | December 18, 2025
Article Summary: The Litchfield City Council unanimously approved a $1.8 million tax levy for the upcoming fiscal year, with projections showing a slight decrease in the city’s tax rate due to rising property values.
Tax Levy Key Points:
-
Total Levy: The approved corporate levy is $1,846,887, an increase of approximately 4.89% over the prior year.
-
Tax Rate: The estimated tax rate is projected to drop from 1.3911 to approximately 1.354 per $100 of equalized assessed valuation (EAV).
-
EAV Growth: The City’s Equalized Assessed Valuation increased by approximately $10 million, largely due to new development.
-
No Hearing Required: Because the levy increase was less than 5%, a Truth in Taxation hearing was not legally required.
The Litchfield City Council on Thursday, December 18, 2025, voted to approve the tax levy ordinance for the fiscal year beginning May 1, 2025.
The ordinance sets the total amount to be collected from property taxes at $1,846,887. This figure represents an increase of approximately 4.89% compared to the 2024 extension of $1,760,747.
Despite the increase in the total dollar amount collected, the tax rate paid by property owners is expected to decrease. City officials attributed this to a robust increase in the city’s Equalized Assessed Valuation (EAV), which rose by roughly $10 million due to new developments broadening the tax base.
“Last year we had a tax rate of 1.39. This year we have a tax rate of 1.35,” a city administrator explained during the meeting.
Officials noted that while the rate is dropping, individual tax bills will still depend on specific property assessments. If a resident’s home value increased significantly or if improvements were made, their specific taxes could still rise.
Since the levy request did not exceed 105% of the previous year’s extension, the Council was not required to hold a Truth in Taxation public hearing. The motion to approve the levy was made by Alderperson Sara Zumwalt and seconded by Alderperson Marilyn Sisson. It passed with a unanimous roll call vote.
Event Calendar
Latest News Stories
More states now offer school choice programs for families
Trump likely to make waves at biggest-ever World Economic Forum
Illinois House returns to session with plans for SAFE-T Act, Israel, taxes
Illinois quick hits: Bovino bounty trial to begin; Judge sentences Kentucky man to 15 years in drugs case; Pritzker criticizes Trump’s first year as Trump marks accomplishments
IL AG reviews battles vs. Trump administration: ‘365 days of chaos’
Largest U.S. band manufacturer plans to leave Ohio, send some production overseas
WATCH: Trump says he plans to send out $2,000 tariff checks without Congress
House to vote on last four govt. funding bills costing $1.2 trillion
Illinois House speaker, unions push millionaire’s tax as lawmakers return
Reports: Walz, Frey, Ellison among those issued subpoenas by U.S. Justice
Supreme Court hears arguments in ‘vampire rule’ gun case
Trump slams ‘stupid’ UK decision to give back key military base