WESTVILLE — School officials adopted a property tax levy for the upcoming year on Wednesday that may generate an additional $146,000 for the district.
Superintendent Jim Owens said he based the levy on the assumption that the equalized assessed valuation of all property in the Westville school district would increase by about $1 million — from about $46.5 million to about $47.5 million.
Currently, the district generates about $2.23 million directly from local property taxes, with a tax rate of about 4.95 cents per $100 of assessed valuation. That means that the owner of a $60,000 home in the district with no exemptions pays about $990 in property taxes directly to the district.
The levy adopted on Wednesdayis expected togenerate about $2.38 million for the district, using a tax rate of about $5.00 cents per $100 — an increase of about $10 for the owner of a $60,000 home with no exemptions if there is no change in the property's assessment.
The school district doesn't set the tax rate; the county clerk does.
Owens said most of the additional money generated from the new tax levy would go to repaying bonds sold by the district. About $30,000 of the increase is expected to go toward operating expenses such as transportation and personnel costs.
In other business, Owens said members of the Westville School Board and the Georgetown-Ridge Farm School Board are preparing a survey that will seek input from local residents about a possible merger of the two school districts.