The Plainfield Village Board on Monday night voted to acknowledge the village’s expected 2019 property tax levy of $6.88 million, which will maintain the same rate for the sixth year.
There will be a public hearing on the proposed tax levy at the board’s Dec. 16 meeting, followed by a vote on the measure.
Although the rate for the village’s portion of the property tax levy remains .4669, the amount the village is requesting to be levied is higher than 2018’s actual collection of $6.49 million.
The village does not expect to receive the total amount requested. The village must work on estimates for equalized assessed valuation since Will and Kendall counties do not release official EAV until the spring.
The village calculates the levy based on higher EAV to capture all growth in property values for the year, according to a report by Management Services Director Traci Pleckham.
According to preliminary information received from the two counties, EAV is expected to increase by 5% for the year, the report shows.
There was no discussion on the levy at the Village Board’s meeting Monday night. However, a presentation on the levy was made by Pleckham at the board’s committee meeting Nov. 25.
According to Pleckham’s presentation, the village’s property values have gone back to where they were in 2009.
“In 10 years, we got our EAV back to where it needs to be, or [rather] where it was, just to hear that it may not be here much longer,” Pleckham said in a video of that meeting. “For right now, we’re back on track.”
The village’s property tax rate was at .4079 in 2009 and the village collected $5.72 million in property taxes. Since then, that tax rate steadily rose to .4669, where it has remained since 2013.