WOODSTOCK – District 200’s tax levy proposal would mean an extra $11 on the average resident’s property tax bill, according to projections.
Administrators have prepared a $59.97 million 2013 tax levy, a 4.98 percent increase over the $58.18 million collected last year.
If the levy passes, the owner of a $230,000 home will owe $5,347 in taxes to the district, $11 more than a year ago when the home would have been worth $250,000. The numbers are based on equalized assessed values dropping about 8 percent, as is projected.
School Board President Paul Meyer said the board has tried to keep the levy as stable as possible, and said the $11 increase represented another effort to that end.
“I don’t think that’s a lot,” Meyer said.
The board is for the fourth straight year seeking a $1 million abatement on a 2006 construction bond.
The total levy sought by the district – which will go toward the 2014-15 school year – represents a $1.22 million and 2.08 percent increase over the $58.75 million levy last year.
Administrators expect the total property taxes collected as a part of the 2013 levy will be less than what is levied, as was the case when the 2012 levy was finalized in the spring.
“In my opinion, we need to compare total taxes received last year to total taxes we think we’re going to receive next year,” District 200 Chief Financial Officer Risa Hanson said.
The district has projected that it will collect $58.69 million of its proposed 2013 levy. Board members will vote on the levy at a regularly scheduled Dec. 10 meeting.