PRAIRIE GROVE – The School District 46 board voted Tuesday night to reduce its property tax levy by $52,308, to $9,966,774, and offered a public hearing on the amount, but there were no takers.
Under Illinois’ tax cap law, taxing bodies are required to hold a “truth in taxation” hearing if the levy request reflects an increase of 5 percent or more from the previous year. The new levy is a decrease of 0.52 percent from 2011.
The board decided to have the hearing “just to give people a chance to talk about it,” said Andy Searle, district business manager.
Searle said, however, that the district’s levy reduction won’t necessarily mean lower tax bills for all property owners.
“How it gets distributed amongst all the taxpayers is up to the assessor’s office,” he said.
In November 2011, the school board passed a resolution to reduce the aggregate tax rate by 0.35 cents over three years.
District officials estimate the 2012 levy is $710,874 less than what the board could have sought under the tax cap law and represents taxpayer savings of about $1.04 million over two years in the school district that has an elementary school and a junior high school at 3223 Route 176 in Crystal Lake.