Mokena Board Approves 2025 Tax Levy; Municipal Rate Set to Decrease

Mokena Village Board Meeting | November 24, 2025

Article Summary: The Mokena Village Board on Monday, Nov. 24, 2025, approved a $2.3 million property tax levy for the 2025 taxing year. While the total levy amount represents a small increase, the municipal tax rate is projected to decrease significantly due to a nearly $179 million increase in the village’s total Equalized Assessed Valuation (EAV).

2025 Property Tax Levy Key Points:

• Rate Decrease: The municipal tax rate is expected to drop from 0.2044 in 2024 to 0.1800 per $100 of EAV in 2025.

• Homeowner Impact: The average homeowner with a $400,000 market value home in 2024 is projected to see an estimated tax change of approximately $6.43.

• EAV Growth: The village’s total EAV increased by approximately $178.8 million, allowing the village to capture necessary revenue while lowering the overall rate.

• Allocation: 56% of the 2025 levy is allocated to the Police Pension fund, with the remainder supporting Social Security, IMRF, and other municipal obligations.

The Mokena Village Board on Monday, Nov. 24, 2025, authorized the 2025 property tax levy, setting the stage for municipal funding for the upcoming fiscal year. Financial Consultant Cheri Grieco presented the proposal, highlighting that Mokena continues to maintain one of the lowest municipal tax rates among 24 comparable area municipalities.

The board approved Ordinance No. 2025-O-033, which sets the total levy request at $2,301,425. Grieco explained that although the total dollar amount is increasing slightly from the $2,248,214 levied in 2024, the actual tax rate per $100 of assessed value is dropping. This is primarily due to a 12.56% increase in the village’s total Equalized Assessed Valuation, which rose from approximately $1.1 billion to $1.28 billion.

Under the Property Tax Extension Limitation Law (PTELL), the annual tax increase for the village was limited to 2.9%, based on the 2024 Consumer Price Index (CPI). Grieco noted that the Village’s portion of a resident’s total tax bill remains small, accounting for approximately 4% of the total amount paid by homeowners.

In a related move, the board also passed Resolution No. 2025-R-008. This measure provides formal direction to the Will County Clerk to reduce the corporate levy first, should the final tax extension exceed the limits allowed by the Property Tax Limitation Act. Trustees Josh M. Bailey, Nick Clancy, Melissa Fedora, and Terry G. Germany voted in favor of both the ordinance and the resolution. Trustees Debbie Engler and Daniel C. Gilbert were absent.