Published: November 02, 2009 07:59 pm      

District 118 board members to look at tax levy

DANVILLE — Next year’s property taxes and this year’s financial audit will be the topics of a special board meeting of Danville District 118 board members Wednesday.

The matters are routine business items normally held in a finance committee meeting, but board President Bill Dobbles decided to conduct it for any board members who wanted to attend this fall, said Superintendent Mark Denman.

The estimated equalized assessed valuation, which according to the county increased by about 1.26 percent, will be $417,961,331.

The actual equalized assessed valuation won’t be determined until the spring. The board votes on the next levy in November or December.

“This levy is for the taxes that are going to be mailed out early in the summer,” Denman said.

The taxes will be for revenues for the following fiscal year, 2010.

An increase in the EAV does not necessarily indicate a tax hike.

Denman said the tax rate for the district, 4.3738 percent, or $4.37 per $100 of assessed valuation, has not changed in some time.

The estimated EAV increase from the county is a guide the board can use to determine the next levy, Denman said.

COMING UP

Danville District 118 board members will meet in a special meeting at noon Wednesday to discuss the district’s audit and upcoming tax levy. The meeting will be in the Jackson Building, 516 N. Jackson St.