Dist. 17 mulls tax abatement
Move could be response to rising rate, declining EAV
CHANNAHON — The Channahon District 17 school board held initial discussions last week on whether to give property tax abatements in the coming year.
The tax rate is likely to go up a good deal, according to the district’s finance director, Mike Schroeder — from $2.6807 to $2.8624 — due to an estimated $19.4 million decrease in equalized assessed valuation (EAV), absent valuation from new property.
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