Notice of Proposed Property Tax Increase

Notice of Proposed Property Tax Increase
Posted on 12/01/2014
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NOTICE OF PROPOSED PROPERTY TAX INCREASE FOR RIVER TRAILS SCHOOL DISTRICT 26 MOUNT PROSPECT, ILLINOIS

  1. A Public Hearing to approve a proposed property tax levy increase for River Trails Elementary School District 26, Cook County, Mount Prospect, Illinois, for 2014 will be held on Tuesday, December 9, 2014, at 7:00 P.M. at River Trails Middle School, 1000 N. Wolf Road, Mount Prospect, Illinois 60056.

    Any person desiring to appear at the Public Hearing and present testimony to the taxing district may contact Dr. Dane Delli, Superintendent of Schools, River Trails Elementary School District 26, 1900 East Kensington Road, Mount Prospect, Illinois 60056, (847) 297-4120.

  2. The corporate and special purpose property taxes extended for 2013 were $20,174,863.

    The proposed corporate and special purpose property taxes to be levied for 2014 are $23,201,092. This represents a 15% increase over the previous year. 

  3. The property taxes extended for debt service and public building commission leases for 2013 were $1,147,340.

    The estimated property taxes to be extended for debt service and public building commission leases for 2014 are $1,089,105. This represents a 5% decrease over the previous year. 

  4. The total property taxes extended for 2013 were $21,322,203.

    The estimated total property taxes to be levied for 2014 are $24,290,198. This represents a 14% increase over the previous year.

    ______________________________
    Linda K. Linder, Board Secretary
    River Trails School District 26