District 205 School Board Votes to Increase Tax Levy 4.63 Percent
But it probably won't get that much.
Early calculations indicate Elmhurst Unit District 205 will ask for a total of about $99.7 million from taxpayers next year to fund its operations. That figure represents an increase in the district's annual request for property taxes (its tax levy) of 4.63 percent over last year. The School Board unanimously approved its tentative levy Tuesday night. The increase is based on a Consumer Price Index of 3 percent, plus an amount for new growth, as allowed under the Illinois Tax Cap. As always, the district is levying more than it expects to receive in order to capture all potential revenue from new growth, which is not limited under the tax cap. In reality, the total increase will likely be closer to 3.6 percent, Assistant Superintendent of …
Involved Neighbor
2:55 pm on Thursday, May 2, 2013
I opened my 2012 real estate tax bill today. Please explain why Elmhurst District 205's tax rate (including pension fund) went from 4.1257 to 4.8021, an increase of 16.4% over the 2011 tax rate. A tax rate increase of 16.4%. From a taxing body whose levy comprises 70% of the total tax bill. Explain that. more ›