Elgin tax rate to be 54.46 cents Posted in: News Property taxes in Elgin are on track to come with a reduction of at least 4 cents in the ad valorem rate.A public hearing and potential adoption of the city’s property tax rate for the next fiscal year has been scheduled for Sept. 27 at 6:30 p.m. The proposed rate is 54.46 cents per $100 valuation, down from the current year’s rate of 58.9977 cents.“That's a reduction over the current rate of almost 5 cents, and it's actually 4 cents lower than what the city could adopt without triggering an election by the public,” said City Manager Thomas Mattis about the tax rate that matches the voter ...PLEASE LOG IN FOR PREMIUM CONTENT. Our website requires visitors to log in to view the best local news. Not yet a subscriber? Subscribe today!