Maywood Board Mulls 5% Tax Levy Hike That Staffers Say Won’t Cost Taxpayers

Friday, November 23, 2018 || By Michael Romain || @maywoodnews 

Featured image: A chart comparing the 2017 tax levy and the breakdown of revenue based on incremental increases over last year’s levy. | Village of Maywood 

During a Nov. 20 regular meeting, the Maywood Board of Trustees voted 3-2 for a resolution approving an estimated property tax levy for 2018 of $23,019,182 — an amount that was recommended by village staffers, who stressed that the increased levy will not necessarily translate into increased taxes.

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Maywood Company Seeks Tax Break That Could Shave $1.4M Off 10-Year Bill

Friday, September 7, 2018 || By Michael Romain || @maywoodnews 

Featured image: National Cycle in Maywood, which is looking to secure a tax break so that it can expand its footprint and shore up its finances. | Google Maps 

One of Maywood’s oldest businesses came before the village’s Board of Trustees earlier this month to ask for a significant tax break as it experiences turbulent market conditions and a change in its financial fortunes amid plans to expand its operations.

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Maywood’s Tax Rate Dropped Sharply, So Expect Big Savings, Manager Says

Wednesday, July 18, 2018 || By Michael Romain || @maywoodnews 

During a July 17 regular board meeting, Maywood Village Manager Willie Norfleet said that, due to a significant increase in the village’s equalized assessed value (EAV), the tax rate will drop sharply this year.

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