Higher tax bills in works at D-200
WOODSTOCK – School District 200 is proposing a tax levy that would mean a higher property tax bill for homeowners in the district.
The district is seeking a 2012 levy that would raise the tax rate to 6.833 percent from last year’s 5.851 percent.
In the 2011 tax year, the owner of a home valued at $250,000 paid $4,525 in taxes to District 200.
The same homeowner in the 2012 tax year would pay the district $4,677, even though preliminary data show the home will have decreased in value to $223,325.
The $152 difference represents a tax increase of 3.36 percent.
In all, the district is seeking a $58.75 million tax levy for the 2013-14 school year, which includes nearly $11 million in bonds and interest from projects dating to 1998.
The figure also factors in a $1 million abatement on a 2006 construction bond.
“Bonds issued in July 2012 are being used to lower the bond payment that is due for the 2006 construction bonds,” District 200 spokeswoman Carol Smith wrote in an email to the Northwest Herald. “The bonds are from the 2004 referendum projects that included Woodstock North, Creekside Middle School and Prairiewood Elementary School.”
The district received a $57.12 million levy from the 5.851 percent tax rate in 2011.
In 2010, it received a $55.47 million levy on a 5.117 percent tax rate.
The 2012 levy will come up for final approval at the board’s Dec. 11 meeting.
Woodstock residents pay the largest portion of their property taxes to District 200.
The district employs more than 1,000 people and serves nearly 6,700 children in two high schools, two middle schools, six elementary schools, a therapeutic day school and a childhood learning center.