Lower Tax Rate Proposed for R.I. School District
Property taxes could go down slightly next year for some residents of the Rock Island School District.
This week, Chief Financial Officer Bob Beckwith presented his proposed property tax levy and tax rate. He's recommending a tax rate of $5.35 per $100 assessed value, or about two cents lower than this year.
And for the owner of a $100,000 home in the district, that would mean the school portion of their tax bill next year would be $1,785, or six dollars less than this year.
The Rock Island school board is scheduled to hold a public hearing on December 10th, and then take a final vote. Illinois requires local taxing bodies to submit their proposed property tax levies by the end of December each year.