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Community Profile

Oswego is located in Kendall County, one of the fastest growing counties in the nation. From 1980 to 2010, Kendall County grew at a compound annual growth rate (CAGR) of approximately four percent and is anticipated to grow at a CAGR of approximately two percent in the future. Growth in population, in addition to broader economic trends, will continue to drive new residential development in Oswego in the future.

According to census data, Oswego’s population as of 2014 is approximately 33,429. According to the most recent projections provided by CMAP, Oswego is projected to add over 35,000 new residents by 2040, nearly doubling in size.

Oswego is estimated to add between 11,082 and 15,483 people between 2014 and 2025. The population is forecasted to grow at a compound annual growth rate (CAGR) of 2.7 percent to 3.6 percent from 2014 to 2025 compared to 7.02 percent from 2000 to 2014.

Forecasted population growth takes into account a number of growth assumptions including historical population growth, housing starts, household size and vacancy. The household size is anticipated to decrease slightly while vacancy is projected to remain constant.

Housing starts are conservatively anticipated to increase from approximately 200 annual starts to approximately 400 to 550 units per year. It is not anticipated that housing starts will reach the frequency achieved during the housing boom, approximately 900 starts annually.

Population growth

Oswego’s population is projected to grow from 11,000 to 15,500 by 2025, and up to 35,000 by 2040.

Year — Oswego Population
2000 — 13,326
2010 — 30,355
2014 — 33,429
2018 [1] — 36,507-37,900
2025 [2] — 43,944- 48,346
2040 [3] — 69,155

Source: US Census, ESRI, CMAP
[1] ESRI Estimate
[2] SB Friedman Forecast, CAGR ranges from 2.8-3.8%
[3] CMAP Estimate

Residential building permits
2011 — 2012 — 2013 — 2014 — 2015
Single-family — 86 — 111 — 214 — 103 — 53
Duplex — 0 — 0 — 0 — 14
Multi-family — 24 — 0 — 0 — 10
Senior — 60 — 3 — 18 — 63 — 19
Total — 170 — 114 — 232 — 190 — 72

TAX DOLLARS
Property tax rates:
Taxing body — 2014 rate — %
Oswego CUSD 308 — 7.8803 — 68%
Kendall County — 0.8085 — 7%
Oswego Fire Protection District — 0.8045 — 7%
Waubonsee Community College #516 — 0.5973 — 5%
Oswegoland Park District — 0.5103 — 4%
Oswego Library District — 0.3058 — 3%
Oswego Road District — 0.2124 — 2%
Village of Oswego — 0.1634 — 1%
Kendall County Forest Preserve — 0.1826 — 2%
Oswego Township — 0.0947 — 1%
Total — 11.5598 — 100%

Oswego area tax rates comparison:
City/village — 2014 rate
Village of Oswego — 0.1634
Village of Plainfield — 0.4669
Village of Montgomery — 0.5989
City of Naperville — 0.7756
City of Plano — 1.4239
United City of Yorkville — 0.7581
City of Aurora — 2.2617

Sales Tax

The Village of Oswego recently adopted a 0.75% home-rule/local sales tax increase. The revenue generated from the tax will help fund road improvements and other capital projects. The information below compares the current and new tax rates that went into effect Jan. 1, 2016.

State sales tax: 6.25%
Village of Oswego: 0.50%
Kendall County: 1.00%
Total sales tax rate: 7.75%

2016 increased sales tax
Illinois: 6.25%
Kendall County
(transportation): 1.00%
Village of Oswego: 1.25%
Total: 8.50%

Utility Tax
Electricity: 3%
Natural gas: 3%
Telephone: 6%

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