Regarding the MWRD De-annexation of Miller Woods
Miller Woods received an update from their attorney on Friday 1/13/17. There will be no change to MWRD 2016 taxes given that we received our court order to de-annex after 2016 tax rates were determined on 1/1/2016. In 2018 we will start to realize our tax savings on our 2017 tax bill. The tax reduction was estimated by the Cook County Clerk’s office to be 60-62% of what each household currently pays to MWRD. The remaining 40% of the tax bill will repay bonds issued prior to the court order to de-annex. On 2017 tax bills the MRWD tax will be renamed to reflect that we are only paying for this remaining debt, e.g. “MWRD Past Bonds”. Please reach out to Trustee Ryan Buxton with any questions.