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Tax Rates

Tuesday, November 20, 2012

Summit Hill Board Approves $32.2M Levy Estimate

The approval will raise the district's estimated tax rate to approximately 3.7 percent.

The Summit Hill School District 161 Board of Education approved the 2012 tax levy estimate resolution at a special board meeting on Nov. 19. This is the same estimate that the board voted down on Nov. 14. The approximately $32.2 million levy estimate requests a $1.55 million increase compared to last year’s finalized levy. The resolution raises the estimated tax rate to just above 3.7 percent. This translates to a $69 tax increase for the owner of a $200,000 house. Board Members Denise Wildeveld, Sean William Doyle, Stacey Borgens and Board President Mary Kenny voted in favor of the levy estimate. Board Member George Perros, Secretary Denise Lenz and Vice President Joy Murphy voted against the levy. Prior to the vote, community members …

Ready for Change

4:43 pm on Saturday, November 24, 2012

Taxes will never go down. I just don't want them to go up! The value of your house means nothing if people won't buy it because the taxes in the area are too high and that is one of the reasons homes around here don't sell. Who will buy a house when you have to pay $800 a month in taxes on top of a mortgage? So if taxes are too high it really doesn't matter what your house is worth.   more ›

Tuesday, September 18, 2012

Lincoln-Way School Board Approves 2012-13 Budget

Lincoln-Way Area "MobilePack" lauds board for support of Haiti project.

Lincoln-Way District 210 board members approved the 2012-2013 budget amounting to $97,145,292, a decrease of $80,701 from the previous year. Superintendent Lawrence Wyllie said in a Sept. 13 meeting that the tax rate for the 2011 is less than it was 22 years ago. In 2011, the tax rate was 1.8306 compared to the 1989 rate of 1.9283.  In a previous article, Supt. Lawrence Wyllie explained that 2011-12 revenues did not match expenditures. The district's reserves had to be used to cover the $3.27 million shortfall. In addition, a drop in the the equalized assessed valuation reflects the decreased tax rate. This year's EAV dropped $169,815,256 from $3,991,068,924 last year to $3,821,253,668 this year, according to Stacy Holland, director of …

Mike

8:24 am on Saturday, October 27, 2012

All the bankers with their advanced degrees are the reason the financial system needed a taxpayer bailout. Paulson, Geitner, Rubin. all Harvard MBA's   more ›

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