January 21, 2025
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Yorkville schools approve $84 million tax levy

Property bills are going up, but not as much as in past years

By Joey Weslo
Yorkville School District Administration Center, 602 Center Parkway, Yorkville.

The Yorkville School District 115 approved a tax levy increase of 5.97%. This rate is lower than last year's rate increase of 7.15%. The total 2024 tax levy is $84 million, five million more than last year. Pictured, Yorkville School District Administration Center, 602 Center Parkway, Yorkville. (Shaw Local News Network)

The Yorkville School District 115 board unanimously approved its 2024 tax levy that will have property owners seeing a 5.97% increase over last year’s school portion of their bills.

The total $84 million levy is an increase of about $5 million over last year.

Kreg Wesley, the school district’s assistant superintendent of business services, previously stated that the smaller increase was made possible because of lower national inflation rates and because the surge in regional housing prices has lifted Kendall County’s equalized assessed value to its highest ever rate.

Wesley said that someone who owns a $3000,000 home can expect to see a $195 increase on the school’s portion of the property bill, while factoring in an average 11% increase in the value of the house over the past year.

The total tax levy is calculated using a combination of inflation measured by the Consumer Price Index, the estimated EAV growth, new construction and program needs.

Outside of operating funds, the total school levy covers upcoming capital projects and building renovations like the master facilities plan upgrades, the high school’s new tennis court complex, and the district’s purchase of 110 acres for further development.