The dollar amount for the Village of Plainfield's tax levy won't go up for 2013-14, but the tax rate could increase slightly.
On Monday, Director of Management Services Traci Pleckham presented the upcoming fiscal year's estimated tax levy, recommending the village request the same amount in property taxes that it did last year: $5,367,321.
Because because the village's overall equalized assessed valuation (EAV) is expected to drop by about 5 percent, the result is a slightly higher tax rate. Based on the proposed levy, Pleckham estimated the rate at .4794, about .05 percent higher than last year's .4567.
For the owners of a $250,000 home, the rate increase would mean the village portion of their tax bill would go up by about $1.46 per month, assuming the home's EAV remains the same, Pleckham said.
The rate change is based on the drop in the village's EAV based on estimates from Will and Kendall counties. The actual EAV won't be known until spring 2014.
Although municipalities are only required to host a public hearing on levy increases of 5 percent or more, the village has scheduled a hearing for Dec. 2.
According to Pleckham, the taxes paid to the village account for 5.14 percent of residents' overall tax bills.