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IVCC approves tax levy not expected to increase its portion of property tax bills

2020 tax rate expected to be slightly lower

Illinois Valley Community College
Illinois Valley Community College

Homeowners should not see an increase in the Illinois Valley Community College portion of their property tax bill.

The estimated 2020 tax rate of 0.3557 is down slightly from the 2019 rate of 0.3644.

The IVCC board adopted the tentative $12.8 million 2020 tax levy Thursday, a 3% increase over the $12.4 million actual 2019 levy.

The levy is based on a 5% increase in the district’s equalized assessed valuation, vice president for business services and finance Cheryl Roelfsema said.

Since the increase is less than 5%, there is no requirement for a public notice and public hearing before trustees move for final approval Dec. 10.

IVCC levies taxes in all or parts of eight counties: La Salle, Bureau, Putnam, Marshall, Lee, Livingston, Grundy and DeKalb.

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