Schaumburg Gets First Property Tax

By Marcus Gilmer in News on Dec 23, 2009 6:40PM

For the first time ever, Schaumburg has passed a property tax for residents, "adding about $252 to the tax bill for a home with an equalized assessed value of $50,000," according to the Tribune. The move by trustees has left residents angered; resident Joe Librizzi said, "It's not fair -- it's not right." Officials defended the move, saying the money will bring in around $24 million which will help cover the village's impending $17.4 million budget deficit.