Where do your taxes go?
- The District continues a long history of being responsive to the needs of our residents by holding itself fiscally accountable and by fulfilling its promise to preserve and protect open space, clean water, wildlife and outdoor recreation areas in McHenry County for current and future generations.
- In 2014, the Board of Trustees elected to Refinance General Obligation Bonds for a $14 million-dollar savings over the life of the bonds – a direct savings of $1 million-dollars per year to the tax payers of McHenry County.
- Out of concern for the County residents, and despite the significant growth in land holdings and operational stresses the District has faced over the last decade, the Board of Trustees has taken the full levy increase allowed under PTELL only twice during the previous nine years, , foregoing more than $6.4 million in potential property tax revenue. In 2017, the District did not increase the total levies subject to PTELL and in 2019 reduced the total PTELL levy by $120,709 from the 2018 total property tax levy.
- For the 2020 levy, the District elected to request approximately only 2/3rds of the full levy increase available under PTELL; requesting an increase of only $221,257 over the prior 2019 levy, versus the maximum allowed increase of $344,810. Additionally, the Board of Trustees elected to abate (reduce) the 2020 debt service levy (levied to make the contractual payments on the District’s referendum approved General Obligation bonds) by the same amount of $221,257; effectively neutralizing the 2020 PTELL related levy increase for the taxpayers.
- Property tax revenues account for 82% of the District’s total FY 2022 budgeted operating revenues. On individual property tax bills, typically 2% of a homeowner’s property tax bill is paid to the McHenry County Conservation District depending upon which municipality the home is located in. For the taxes levied in 2020 and collected 2021, an owner of a median-priced home would have paid approximately $158.99 in taxes to the District; whereby $96.03 or 60% of the total provides for the contractual debt payments due on the District’s referendum approved General Obligation Bonds.
- The Government Finance Officers Association of the United States and Canada awarded McHenry County Conservation District The Certificate of Achievement for Excellence in Financial Reporting for its comprehensive annual financial report for the eleven consecutive years in 2021. This Certificate of Achievement is the highest form of recognition in the area of government accounting and financial reporting and it represents a significant accomplishment by a government and its management. The award recognizes those agencies that go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure.
Additional information on the FY2023 Budget Document and other financial documents can be found
on the Budgets and Financial Reports page within the District's Transparency Portal.