Property owners in the Moline School District will probably not pay higher taxes next year. This week, the school board gave its final approval to the 2019 tax levy.
Chief Financial Officer, Dave McDermott, says the new tax rate will be 5-dollars and 9-cents per 1,000 dollars assessed value - down two cents, or one-half of one per cent, from this year. But property values in the district are going up about 1 1/2 per cent.
"On average it's up slightly from the total standpoint and the tax rate is down slightly. So even if your house goes up, you should see a level support for the Moline-Coal Valley School District."
Property taxes make up about 2/3 of the revenue for the Moline schools each year.
And he says rising property values are a good sign, not just for the school district, but they also mean the local economy is improving.
