Illinois Valley Community College Board
OGLESBY — The Illinois Valley Community College board adopted an $11.5 million tax levy on Nov. 20 that will result in an estimated total tax rate of .3584, an increase of 1.7 percent over 2011.
A schedule was presented which showed that the college’s tax rate has decreased by approximately 25 percent over the last 10 years.
Anticipated tax extensions for tax year 2012 are up $16,888 over 2011 but $122,865 less than 2010. IVCC anticipates a 1.5 percent decline in assessed valuation for an estimated EAV of $3,085,804,367.
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