2011 Tax Levy

Board approves 2011 tax levy; abates additional $3.7 million

Following a public hearing at its December 8, 2011 meeting, the Board of Education approved the proposed 2011 tax levy as presented.  The 2011 tax levy is $197,943,072, excluding the Debt Service Fund, and it reflects an increase of 1.8% over the 2010 tax levy of $194,369,140.

In an effort to preserve the maximum operating levy as limited by the Property Tax Extension Limitation Act, a debt service abatement lessens the overall tax increase, while maximizing the aggregate extension per the Tax Cap.  As part of the 2011 levy, the Board also adopted a resolution to authorize and direct the County Clerk to abate a portion of the taxes levied for the year 2011 ($3.7 million) to pay debt service on series 2006 school bonds.  Including the 2011 levy abatement, the Board has reduced the Debt Service levy by $20.4 million since 2007.

Additional information on the 2011 tax levy is available here.

Certificate of Tax Levy 2011

 

1750 South Roselle Road
Palatine, Illinois 60067-7336
847-755-6600
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