Peotone school district proposes over five percent hike in property tax levy

A public hearing is scheduled to discuss a proposed property tax levy increase for Peotone Community Unit School District 207U. The meeting will take place on December 16, 2024, at 6:00 pm at Peotone High School, located at 605 West North Street, Peotone, Illinois.

Adrian Fulgencio, the Business Manager of the district, can be contacted by those wishing to present testimony at the hearing. He is available at 212 West Wilson Street, Peotone, Illinois or via phone at (708) 258-0991.

The corporate and special purpose property taxes extended or abated for the year 2023 amounted to $14,112,735.35. For the upcoming year of 2024, these taxes are proposed to be $14,976,566.00—a rise of 6.12%.

In terms of debt service and public building commission leases for 2023, property taxes were set at $1,998,842.82. The estimated figure for these categories in 2024 is slightly lower at $1,998,233.00—a decrease of approximately 0.03%.

Overall property taxes extended or abated in totality for the year 2023 were recorded as $16,111,578.17. The estimation for total levied property taxes in the year ahead stands at $16,974,799.00—indicating an increase of about 5.36% from last year's figures.