• NOTICE OF PROPOSED PROPERTY TAX INCREASE FOR COMMUNITY UNIT SCHOOL DISTRICT NO. 5 MCLEAN AND WOODFORD COUNTIES, ILLINOIS

    Posted by Finance Department on 12/13/2023
    1. A public hearing to approve a proposed property tax increase for Community Unit School District No. 5, McLean and Woodford Counties, Illinois for 2023 will be held on December 20, 2023 at 6:30 P.M. at the Normal West High School, 501 N. Parkside Rd., Normal, Illinois. Any person desiring to appear at the public hearing and present testimony to the taxing district may contact Ms. Emily Sargent, Clerk of the Board of Education, Community Unit School District
      No. 5, McLean and Woodford Counties, Illinois, 1809 West Hovey Avenue, Normal, Illinois 61761, (309) 557-4022.
    2. The corporate and special purpose property taxes extended or abated for 2022 were $100,300,250 plus the amount abated by the taxing district prior to extension. The proposed corporate and special purpose property taxes to be levied for 2023 are $113,110,000. This represents an 12.77% increase over the
      previous year.
    3. The property taxes extended for debt service and public building commission leases for 2022 were $36,570,699. The estimated property taxes to be levied for debt service and public building commission leases for 2023 are $36,948,393. This represents a 1.03% increase from the previous year.
    4. The total property taxes extended or abated for 2022 were $136,870,949. The estimated total property taxes to be levied for 2023 are $150,058,393. This represents a 9.63% increase over the previous year.
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