Tax Info
›Tax Abatement FAQ's
›2011 Tentative Tax Levy Presentation
›2010 Tentative Tax Levy Presentation
›Financial Planning Presentation 11-2-09
›Tax Levy Timeline
›2009 Tentative Tax Levy Presentation
›D41 Tax Levy FAQ's
›2011 Tentative Tax Levy Presentation
›2010 Tentative Tax Levy Presentation
›Financial Planning Presentation 11-2-09
›Tax Levy Timeline
›2009 Tentative Tax Levy Presentation
›D41 Tax Levy FAQ's
›2008 Tentative Tax Levy - 11/17/08
›Financial Planning Presentation - 11/12/07
›2007 Tentative Tax Levy - 11/12/07
›2006 Tax Levy Timetable
›2006 Tentative Tax Levy Presentation
›Financial Planning Presentation - 11/12/07
›2007 Tentative Tax Levy - 11/12/07
›2006 Tax Levy Timetable
›2006 Tentative Tax Levy Presentation
How Taxes Are Calculated
Tax Cap
The 1991 Property Tax Limitation Act for DuPage County limits any increase in property tax dollars to 5% or the CPI (Consumer Price Index), whichever is less. New construction contributes additional dollars. Note that the cap limits the actual dollars received, not a percentage. The overall impact of the tax cap has been to slow the rate at which taxes rise.
New construction
New construction dollars raise the base from which the capped amount is calculated for the next year.
Referenda
The law tells school districts to ask voters via referenda if they need additional funds beyond what the tax cap allows.
Teardowns/remodels
The difference between the value of the existing structure and the value of the rebuild is exempt from the cap, minus any applicable exemptions. The taxes generated by the property value before alteration or rebuild is calculated under the cap. After one year, the dollars generated by the entire property come under the cap.
Equalized Assessed Valuation (EAV)
Your taxes are based on the EAV of your home (one-third fair market value). Increased EAV does not increase the dollars D41 receives beyond what the cap allows, but it does affect how much each propoerty owner pays.
Appreciation
Appreciation does not increase the tax dollars coming to the district beyond what the tax cap allows.
Tax Cap
The 1991 Property Tax Limitation Act for DuPage County limits any increase in property tax dollars to 5% or the CPI (Consumer Price Index), whichever is less. New construction contributes additional dollars. Note that the cap limits the actual dollars received, not a percentage. The overall impact of the tax cap has been to slow the rate at which taxes rise.
New construction
New construction dollars raise the base from which the capped amount is calculated for the next year.
Referenda
The law tells school districts to ask voters via referenda if they need additional funds beyond what the tax cap allows.
Teardowns/remodels
The difference between the value of the existing structure and the value of the rebuild is exempt from the cap, minus any applicable exemptions. The taxes generated by the property value before alteration or rebuild is calculated under the cap. After one year, the dollars generated by the entire property come under the cap.
Equalized Assessed Valuation (EAV)
Your taxes are based on the EAV of your home (one-third fair market value). Increased EAV does not increase the dollars D41 receives beyond what the cap allows, but it does affect how much each propoerty owner pays.
Appreciation
Appreciation does not increase the tax dollars coming to the district beyond what the tax cap allows.