Options for tax levy explored

Look what happens in cities with home-rule, such as DeKalb—six rates of tax levy are possible.

Eight tax scenarios have been laid out by city officials that range from keeping the status quo to nearly doubling last year’s tax levy.

first scenario – keeping the tax rate at $0.60 per $100 of owned property – the city would levy $3,924,000, a 1-percent increase over 2008.

The highest levy being considered is for $6,254,823, which would hike the tax rate to $0.96 per $100 EAV.
Under this scenario, the cost to the average homeowner of a $200,000 home is projected to be $640, or $240 more than at the $0.60 rate.

 

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