Normal Proterty Tax Update

Normal residents can expect to pay less in property taxes to the town of Normal next year. Nomal's levy is expected to remain at $13 million while the  equalized assessed valuation is expected to increase from $869 million to $880 million. Next year, however, the town of Normal expects to pay less into the Illinois Municipal Retirement Fund. That cost is predicted to fall from $1.72 million to $1.4 million which is th primary reason for the offset.