River Forest trustees on Nov. 17 voted unanimously to accept the estimate of the 2025 corporate property tax levy of $10 million, an increase of 1.9%. Officials are expected to formally approve the levy request at the Dec. 15 village board meeting.
The 2025 levy request of $10,023,843 is higher than the 2024 extended levy of $9,906,493
Illinois tax-cap laws limit the tax levy increases for non-home rule municipalities such as River Forest to 5% or the level of the consumer price index (CPI), whichever is lower. For 2024, the CPI is 2.9%.
Rosie McAdams, finance director, said that property taxes on new construction are not included in the levy valuation. That figure is estimated at over $2.5 million as determined by building permits issued.
The village board also approved the annual tax levy of $1,734,288 for the River Forest Public Library, an increase from $1,674,539. The library falls under the auspices of the village but is governed separately.
The current fiscal year runs from May 1, 2025, to April 30, 2026. The taxes from the 2025 levy are collected in 2026.
