Village sees 6 percent reduction in assessment
Elburn—Village officials received the 2011 multiplier that indicates the level of assessment of property. They announced a 6 percent reduction, which over the past two years amounts to 11.5 percent or, $22 million less for the village.
“It’s going to be tight again,” Village President Dave Anderson said. “We’ll have to see about our tax levies. I’m not holding my breath about getting new construction (this year).”