At the December 2009 board meeting additional comments were heard regarding the tax proposal. After 
due consideration and listening to both advocates and opponents of the tax the Village Board voted to adopt the ordinance levying a property tax. The Village of Schaumburg has not levied a municipal property tax since it's incorporation in 1956 and this is a first time occurance.
The proposed tax is estimated to be 8.1% of the 2009 property tax bill. The amount will be billed on the second installment of the tax bill put out by Cook County in 2010 probably around November. To see what the property tax might mean to you as a home owner please see at the table below.
Please keep in mind that increases will not occur until 2011.
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