{"id":7381,"date":"2025-03-16T07:59:02","date_gmt":"2025-03-16T07:59:02","guid":{"rendered":"https:\/\/princetonillinois.com\/?p=7381"},"modified":"2025-03-16T07:59:02","modified_gmt":"2025-03-16T07:59:02","slug":"ottawa-elementary-to-host-truth-in-taxation-hearing-in-december-shaw-local-news-network","status":"publish","type":"post","link":"https:\/\/princetonillinois.com\/?p=7381","title":{"rendered":"Ottawa Elementary to host Truth in Taxation hearing in December – Shaw Local News Network"},"content":{"rendered":"


Ottawa Elementary School District will host a Truth in Taxation hearing during its next school board meeting on Tuesday, Dec. 17, to discuss a proposed increase in the district\u2019s levy. <\/span>(Tom Sistak)
Ottawa<\/a> Elementary School District will host a Truth in Taxation hearing during its next school board meeting on Tuesday, Dec. 17, to discuss a proposed increase in the district\u2019s levy.
A truth in taxation hearing is required when a district proposes a tax levy increase of more than 5%. The tentative tax levy increase is proposed at 14% more than last year\u2019s amount, which is necessary to ensure the district receives the full benefit from growing property values, Superintendent Michelle Lee said.
During the monthly school board meeting Nov. 19, Lee said the district\u2019s equalized assessed value \u2013 or property tax pool \u2013 is expected to increase by about 10% this year, and the tax levy will reflect this change. Lee said the district is looking to collect the revenue allowed by the increased EAV, without raising the rate for taxpayers.
\u201cThe levy is set to ensure we capture all of the EAV, but we\u2019re not asking to increase the tax rate,\u201d she said. \u201cActually, it may even go down a little bit but not enough to really matter.\u201d
The hearing will be during the district\u2019s next board meeting on Tuesday, Dec. 17, and gives the public an opportunity to comment before the levy is finalized.
Copyright \u00a9 2023 Shaw Local News Network
Copyright \u00a9 2023 Shaw Local News Network<\/p>\n

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Ottawa Elementary School District will host a Truth in Taxation hearing during its next school board meeting on Tuesday, Dec. 17, to discuss a proposed increase in the district\u2019s levy. (Tom Sistak)Ottawa Elementary School District will host a Truth in Taxation hearing during its next school board meeting on Tuesday, Dec. 17, to discuss a proposed increase in the district\u2019s<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7381","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t