No increase on tax levy in Plainfield
Madhu Mayerfirstname.lastname@example.org | 11/26/2019, 10:04 p.m.
The Plainfield Village Board is taking measures to ensure residents will not see an increase on their property taxes in 2020.
The board Monday reviewed the proposed 2019 tax levy calculations that maintain the 2018 overall levy rate of .4669. Based on preliminary equalized assessed valuation (EAV) estimates, the ordinance reflects a total property tax request of $6,880,000, according to Traci Pleckham, director of management services. However, the actual dollar amount the village will receive is anticipated to be less. She told the board the levy rate has remained unchanged for the past six years.
The equalized assessed value, or EAV, is the result of applying the state equalization factor to the assessed value of a parcel of property. Tax bills are calculated by multiplying the EAV (after any deductions for homesteads) by the tax rate.
The Village of Plainfield's portion of the 2018 tax levy was 5.39 percent. This means for every dollar paid in property taxes by village residents, 5.39 cents is paid to the Village of Plainfield.
When a Plainfield resident opens up their tax bill, majority of the money is going toward Plainfield Community Consolidated School District 202. Other governmental bodies that serve Plainfield residents also get its share of the money from the tax bill, including Plainfield Fire Protection District and Plainfield Public Library District.
The Plainfield Village Board is expected to consider the 2019 tax levy ordinance for approval at the Monday, Dec. 16, meeting. A public hearing on the proposal is expected to take place prior to the vote.