D-428 property tax levy hearing set for Dec. 18
DeKALB – The public will be able to sound off on DeKalb School District 428’s property tax levy at a Dec. 18 meeting.
On Tuesday, the school board approved a property tax levy request of $49.2 million, which includes roughly $4.7 million in debt service. The levy is the amount of money a school district or other government body seeks in property taxes. The property tax rate generally equates to the levy divided by the equalized assessed value for property throughout the school district.
Not counting the levy associated with the bonds it issued, the district is asking for $44.5 million, but is expecting to get $44.1 million, said Andrea Gorla, assistant superintendent for financial and business services.
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