Taxes May Be Lower with New Levy

Summary


BLOOMINGTON - Bloomington District 87's taxpayers likely will see little or no change in the district's portion of their property tax bill next year after the school board passed a $40.9 million tax levy Wednesday night.

The district assumes the total taxable value of property in the district grew by about 1.5 percent in 2011. If that prediction holds true, the $40.9 million levy likely would result in a 1 cent reduction of the tax rate, to $4.64 per $100 of equalized assessed valuation.

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Extract


Taxes May Be Lower with New Levy

That slight rate reduction would shave $5 off the property tax bill of a $150,00...

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