BLOOMINGTON — Based on an assumed 2 percent growth in Bloomington District 87's property tax base, the district's overall tax rate would drop about 2 cents in the 2017 tax year to $5.12 per $100 equalized assessed valuation.
That means the owner of a $150,000 house would see their tax bill decrease by about $10 — from $2,570 to $2,560 — assuming the assessed value of their house did not change.
However, David Wood, the district's chief finance and legal officer, said, “There's still a lot in play here.” If there is less growth in the EAV — the total taxable value of proeprty in the district — the tax rate would remain closer to its current $5.14, according to Wood.
Among the major items still in play is an appeal by the owners of Eastland Mall, claiming its property is worth less than it was assessed, Superintendent Barry Reilly explained after the meeting.
On the positive side, an expansion underway at Westminster Village should help boost the district's equalized assessed valuation, district officials said.
The $44,483,059 levy will be adopted at the board's Dec. 13 meeting. A public hearing will take place preceding that meeting at 6:30 p.m. at the Educational Services Center, 300 E. Monroe St.
In other action, the board rejected a bid from Anderson Electric of Bloomington for the 2018 Bloomington High School heating-ventilation-air conditions controls and equipment project and will rebid the project at a later date.
Anderson Electric was the only bidder and its bid of $3,122,440 was higher than the $2,755,551 the district had initially allocated for the project.