Over the prior three years, D155 has managed to reduced its tax extension. The tax extension is the amount of money the county clerk's collect on behalf of the school district.
The 2017 tax rate determines the summer 2018 tax bills. The D155 tax rate fell from $2.829 per $100 of Equalized Assessed Value (EAV) in Tax Year 2016 to $2.702 per $100 of EAV in Tax Year 2017, a decline of 4.5 percent.
“When you look your tax bills this summer, the tax rate for District 155 is 12.7 percent less than it was 3 years ago,” said Jeremy Davis, assistant superintendent of finance and operations. “While your individual tax bill may go up or down due to your housing assessment, the overall amount District 155 will collect from taxpayers this summer is less than we collected during the summers of both 2015 and 2016. We are making due with less.”
District 155 has no control over housing assessments. Properties located within D155 boundaries have increased in value each year for the past three years.