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Tax Levy Hearing��December 13, 2023

Lake Forest School District 67

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Impact of Property Tax Levy

Largest source of funding for school district at 85.3%

D67 currently represents 27.54% of the total tax bill for Lake Forest taxpayers.

District

Individual Taxpayer

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2022 Property Tax Bill

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Total = 6.000734

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D115 = 25.58%

D67 = 27.54%

City of LF = 25.68%

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Area Tax Rates

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Area Tax Comparison

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Benchmark Peers

Tax Rate

Tax Due

Difference

Lake Forest 67

1.652

$5,408

-

Lake Bluff 65

2.898

$9,486

+$4,079

Lincolnshire 103

3.298

$10,795

+$5,388

Deerfield 109

3.614

$11,830

+$6,422

Kildeer 96

4.139

$13,548

+$8,141

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Existing Property

New Construction

CPI = 6.5%

PTELL Max = 5%

Max Increase = $1,897,128

Estimated = 11.3M

Generated = $183,022

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Main Components of Property Tax Formula

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2023 Tentative Tax Levy

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Further Information

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ANNUAL FINANCIAL REPORTS

ANNUAL BUDGETS

MONTHLY FINANCIAL REPORTS

FUND BALANCE REPORTS

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Tax Levy Hearing��December 13, 2023

Lake Forest School District 67

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