District 50 considers raise to 2014-15 tax levy
HARVARD – District 50's school board will consider a raise in the tax levy that could amount to an extra $14 on residents' tax bills.
School officials have prepared a $14.37 million levy for the 2014-15 school year, a 1.5 percent raise over the total extension for the current year.
Based on the district's calculations, a home that was worth $150,000 in 2012 will pay $2,745 in taxes to D-50, even though the value of their home will have fallen to just under $140,000 in 2013. The calculations take into account an expected drop in the equalized assessed value of 6.9 percent.
"That's what I'm anticipating after talking to the assessors," District 50 Business Manager Mary Taylor said.
With a 6.9 percent drop in EAV, the district's tax rate would rise to $6.77 per $100 of EAV.
Levies aren't finalized until the spring.
Last year, the district levied $14.02 million in the fall and received $13.93 million when calculations were completed in the spring.
"It's based on your best guess a lot of times with the tax levy," Taylor said.
District 50 encompasses five schools – Harvard High School, Harvard Junior High School, Jefferson School, Crosby Elementary and Washington School – and about 2,500 students.
The levy was presented to the board in November. School board members are set to vote on it at their next regular meeting on Wednesday, Dec. 18.