Understanding state's property tax cycle
School districts and village setting 2023 levies, which will determine 2024 tax bill
Last updated 11/15/2023 at 4:07pm | View PDF
The property tax is largest single tax in Illinois and is the major source of revenue for Community Consolidated District 181 and Hinsdale High School District 86. The Village of Hinsdale also relies on property taxes as a significant source of funding, as does the Hinsdale Public Library, although the village has several other revenue streams to support operations.
Taxing bodies are required each year to file a levy, or a request for property tax revenue. Setting the levy actually is the fourth of six steps in the property tax cycle as outlined below.
Much of the information on this page is taken from The Illinois Property Tax System: A General Guide to the Local Property Tax Cycle, published by the Illinois Department of Revenue, and documents created by local taxing districts. The accompanying glossary provides definitions for several terms.