Geneva City Council Approves Lowest Property Tax Rate Since 1980

GENEVA, IL — In 2026, Geneva residents will experience the lowest property tax rate since 1980, according to the city.

Geneva City Council approved Monday night a 3.25 percent decrease, from 0.4779 to 0.4575, for the 2025 tax levy, which covers property taxes paid in 2026.

The new rate translates to approximately $27 in savings for the owner of a $450,000 home in Geneva. The decrease comes as property values across Geneva continue to rise.

"This milestone reflects Geneva's continued commitment to responsible financial management while maintaining the high-quality public services residents expect," officials wrote in a news release.

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