Riverside requests 6.07% levy hike for 2023 tax

The village of Riverside will search to increase its 2023 property tax by 6.07%. 

Though the village seeks that extension, it isn’t more likely to accumulate the total quantity due to the state’s tax cap regulation for non-home rule municipalities equivalent to Riverside. 

The regulation limits tax levy will increase for non-home rule communities to five% or the extent of the buyer value index, whichever is much less. The CPI for 2023 is 6.5%.

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