Local News

Homewood Schools tax levy set at $17.6 million

The District 153 School Board on Monday approved its 2016 tax levy of $17.6 million.

The levy is a “guesstimate” by taxing bodies because several important numbers that drive property taxes aren’t set yet

“We’re using last year’s (2015) Consumer Price Index (CPI) against this year’s property values to figure out next year’s taxes,” John Gibson, chief school business official, told the board members.

The district set its levy at 6.35 percent above last year to make certain it collects taxes on everything it is owed . . .

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