plainfield AWS
Ill 11
TriiI 1 .:::............ "
l-...._. f..... 1•91• 1
MEMORANDUM
111I I•
VILLAGE OF
PLAINFIELD
To:
Mayor Collins and the Board of Trustees
From:
Traci Pleckham— Director of Management Services
CC:
Brian
Date:
October 19, 2017
Murphy— Village
Administrator
Subject: Year 2017 Tax Levy
Attached please find the proposed 2017 tax levy calculations. Rather than calculating the tax levy based on maintaining the same dollar levy amount, staff has calculated the 2017 levy by maintaining the2016 levy rate of. 4669. Consistent with Village Board direction, this levy rate has remained unchanged for the past four years.
It is important to point out that the Village approves the annual tax levy based on dollars requested ( not rate). The County Clerk then calculates the tax rate needed to produce the amount of dollars requested by each taxing district. Because of this, staff is using in its calculations a
higher
overall
Equalized Assessed Value ( EAV).
This higher EAV estimate is to
ensure that the Village captures the entire amount of the Village' s EAV, while still maintaining
the 2016 levy rate of. 4669. The 2017 levy represents a total request of$ 6, 349, 600; however the actual dollar amount the Village will receive is anticipated to be less. Staff will present and
discuss the proposed tax levy in greater detail at the October 23rd Village Workshop. As a reminder, the information provided is specific only to the Village of Plainfield' s portion of the property tax bills. The Village of Plainfield' s portion of the 2016 tax
levy
was
5. 13%.
Or, for
every dollar paid in property taxes by Village residents, 5. 13 cents is paid to the Village of Plainfield.
The proposed 2017 tax levy timeline is as follows: November 6th Village Board Meeting: Motion to acknowledge the preliminary estimate of the 2017 tax levy in the amount of$ 6, 349, 600 Week of November 20th: Publication of Notice of the Public Hearing for the Tax levy in The Enterprise of Plainfield and the Ledger-Sentinel of Oswego
December 4, 2017: Public Hearing on the proposed 2017 Tax Levy December 4, 2017 or December 18, 2017: Village Board consideration of the 2017 Tax
Levy
Ordinance for the Village
of
Plainfield
VILLAGE OF PLAINFIELD 2017 TAX LEVY WORKSHEET
2016 Equalized Assessed Valuation
1, 282, 556, 687
Estimate
1, 360, 000, 000
of
2017 Equalized Assessed Valuation:
Recommended
Levy
2016
Levy Corporate
2016
Extended
Levy
Rate
2, 452, 961
0. 1912
0. 0625
925, 000
0. 0680
14. 8332%
475, 000
0. 0349
7. 6171%
525, 000
0. 0386
8. 4189%
0. 0033
42, 000
0. 0031
0. 6735%
0. 1069
1, 370, 000
0. 1007
21. 9692%
5, 869, 411
0. 4576
6, 236, 000
0. 4585
100. 00%
118, 846
0. 0093
113, 600
0. 0084
IMRF
575, 818
0. 0449
Audit
42, 308
Police Pension
1, 370, 987
Operating Levy
over
5, 988, 257
Total
over
Levy
0. 4669
6, 349, 600
0. 4669
2016
Operating Levy Increase
Percentage
0. 0488
Immunity
Increase
Produced
46. 4881%
625, 839
Levy
Request
0. 2132
801, 498
Total
Levy
Rate
2, 899, 000
Police Protection
GO Bonds ( 1999A)
Recommended
366, 589
2016
361, 343
10/ 18/ 2017
VILLAGE OF PLAINFIELD, ILLINOIS
PROPERTY TAX RATES- DIRECT AND OVERLAPPING GOVERNMENTS
Last Ten
Levy
Year
2007
2008
2009
Levy
Years
2010
2011
2012
2013
2014
2015
2016
DIRECT TAX RATES General
0. 1690
0. 1663
0. 2053
0. 2012
0. 2032
0. 2158
0. 2210
0. 2099
0. 1974
0. 1921
Debt
0. 0094
0. 0084
0. 0024
0. 0086
0. 0090
0. 0098
0. 0098
0. 0098
0. 0097
0. 0088
Police Pension
0. 0761
0. 0724
0. 0503
0. 0682
0. 0721
0. 0767
0. 0783
0. 0811
0. 0911
0. 1068
IMRF
0. 0375
0. 0419
0. 0413
0. 0436
0. 0461
0. 0490
0. 0500
0. 0492
0. 0476
0. 0448
0. 0383
0. 0449
0. 0575
0. 0607
0. 0641
0. 0682
0. 0696
0. 0683
0. 0662
0. 0624
0. 0024
0. 0016
0. 0008
0. 0029
0. 0031
0. 0030
0. 0034
0. 0033
0. 0035
0. 0033
0. 0768
0. 0724
0. 0503
0. 0227
0. 0321
0. 0342
0. 0348
0. 0453
0. 0514
0. 0487
0. 4095
0. 4079
0. 4079
0.4079
0. 4297
0. 4567
0. 4669
0. 4669
0. 4669
0. 4669
0. 8091
service
Police
protection
Audit
Liability
insurance
Total direct
rates
OVERLAPPING TAX RATES Will
County Including
Forest Preserve
0. 6367
0. 6387
0. 6543
0. 6841
0. 7244
0. 7244
0. 8186
0. 8410
0. 8295
Plainfield CUSD# 202
4. 5134
4. 5270
4. 5876
4. 8618
5. 2705
5. 8323
6. 2265
6. 2622
6. 2410
5. 8941
Joliet Jr.
Community College# 525 Plainfield Township Park District
0. 1901
0. 1896
0. 2144
0. 2270
0. 2463
0. 2768
0. 2955
0. 3085
0. 3065
0. 3099
0. 1742
0. 1761
0. 1740
0. 1959
0. 2126
0. 2433
0. 2535
0. 2742
0. 2692
0. 2560
Plainfield Public
District
0. 1687
0. 1676
0. 1421
0. 1573
0. 1720
0. 1894
0. 2013
0. 2057
0. 2021
0. 1939
Plainfield Fire Protection District
0. 7787
0. 8323
0. 8419
0. 8656
0. 8872
0. 9216
0. 9970
1. 0122
1. 0036
0. 9674
Township
0. 1471
0. 1469
0. 1483
0. 1653
0. 1804
0. 1960
0. 2106
0. 2125
0. 2091
0. 1991
6. 6089
6. 6782
6. 7626
7. 1570
7. 6934
8. 3838
9. 0030
9. 1163
9. 0610
8. 6295
7. 0184
7. 0861
7. 1705
7. 5649
8. 1231
8. 8405
9. 4699
9. 5832
9. 5279
9. 0964
Library
and all other
Total overlapping
rates
TOTAL TAX RATES
Property
tax rates
are per$
100
of assessed valuation.
Data Source
Office
of
the
County
Clerk- Will
County,
Illinois
123 -
VILLAGE OF PLAINFIELD, ILLINOIS
ASSESSED VALUE AND ACTUAL VALUE OF TAXABLE PROPERTY
Last Ten
Levy Years
Total Taxable
Total
Estimated
Estimated
Levy
Residential
Commercial
Industrial
Farm
Railroad
Equalized
Direct Tax
Actual Taxable
Actual Taxable
Year
Property
Property
Property
Property
Property
Assessed Value
Rate
Value
Value
2007
$
1, 160, 519, 642
$
110, 300, 216
$
23, 447, 686
$
5, 546, 255
$
27, 716
$
1, 299, 841, 515
0. 4075 $
3, 899, 524, 545
33. 333%
2008
1, 223, 281, 087
129, 411, 871
25, 514, 981
3, 143, 177
36, 924
1, 381, 388, 040
0. 4079
4, 144, 164, 120
33. 333%
2009
1, 229, 229, 102
140, 306, 598
27, 907, 094
3, 613, 294
42, 287
1, 401, 098, 375
0. 4079
4, 203, 295, 125
33. 333%
2010
1, 152, 059, 670
143, 199, 078
20, 391, 687
3, 034, 973
211, 437
1, 318, 896, 845
0. 4079
3, 956, 690, 535
33. 333%
2011
1, 074, 299, 342
147, 453, 901
20, 061, 439
2, 975, 154
193, 049
1, 244, 982, 885
0. 4297
3, 734, 948, 655
33. 333%
2012
1, 018, 036, 579
136, 459, 597
20, 522, 201
3, 436, 478
155, 202
1, 178, 610, 057
0. 4567
3, 535, 830, 171
33. 333%
2013
992, 808, 661
133, 086, 233
20, 156, 072
3, 351, 502
344, 192
1, 149, 746, 660
0. 4669
3, 449,239, 980
33. 333%
2014
1, 001, 328, 597
147, 923, 967
19, 980, 960
3, 691, 038
403, 047
1, 173, 327, 609
0. 4669
3, 519, 982, 827
33. 333%
2015
1, 047, 526, 457
139, 342, 944
20, 657, 279
3, 905, 874
486, 066
1, 211, 918, 620
0. 4669
3, 635, 755, 860
33. 333%
2016
1, 115, 247, 993
144, 540, 932
18, 305, 506
3, 925, 296
536, 960
1, 282, 556, 687
0. 4669
3, 847, 670, 061
33. 333%
Note:
Property
in the Village is
reassessed each year.
Property is
assessed at
33%
of estimated actual value.
Data Sources
Office
of
the
County
Office
of
the
County Clerk- Kendall County, Illinois
Clerk- Will
County,
Illinois
122 -
VILLAGE OF PLAINFIELD, ILLINOIS
PROPERTY TAX LEVIES AND COLLECTIONS
Last Ten
Total Collections
Levy Levy
Collection
Fiscal
Year
Year
Year
2006
2007
2008
2007
2008
2009
2008
2009
2009
Years
Levy
within
the
Year Percentage
Tax Levied
$
4, 423, 287
Amount
$
of
Levy
Collections in
Total Collections
Total Collections
Subsequent Years
To Date
To Date
4, 418, 221
99. 89%
N/ A
4, 418, 221
99. 89%
5, 084, 818
5, 058, 460
99. 48%
N/ A
5, 058, 460
99. 48%
2010
5, 361, 674
5, 352, 303
99. 83%
N/A
5, 352, 303
99. 83%
2010
2011
5, 407, 741
5, 399, 892
99. 85%
N/ A
5, 399, 892
99. 85%
2010
2011
2012
5, 069, 976
5, 054, 072
99. 69%
N/A
5, 054, 072
99. 69%
2011
2012
2013
5, 366, 861
5, 294, 951
98. 66%
N/ A
5, 294, 951
98. 66%
2012
2013
2014
5, 370, 957
5, 279, 123
98. 29%
N/ A
5, 279, 123
98. 29%
2013
2014
2015
5, 368, 140
5, 355, 819
99. 77%
N/ A
5, 355, 819
99. 77%
2014
2015
2016
5, 478, 241
5, 462, 475
99. 71%
N/ A
5, 462, 475
99. 71%
2015
2016
2017
5, 658, 448
5, 644, 737
99. 76%
N/ A
5, 644, 737
99. 76%
Note: Levies
and collections
N/A- Information
for tax
levy
years
2006- 2010 include Will
County
only.
not available
Data Sources
Office
of
the
Office
of
the
County County
Clerk- Will
County, Illinois County, Illinois
Clerk- Kendall
125 -
TriiI 1 .:::............ "
l-...._. f..... 1•91• 1
MEMORANDUM
111I I•
VILLAGE OF
PLAINFIELD
To:
Mayor Collins and the Board of Trustees
From:
Traci Pleckham— Director of Management Services
CC:
Brian
Date:
October 19, 2017
Murphy— Village
Administrator
Subject: Year 2017 Tax Levy
Attached please find the proposed 2017 tax levy calculations. Rather than calculating the tax levy based on maintaining the same dollar levy amount, staff has calculated the 2017 levy by maintaining the2016 levy rate of. 4669. Consistent with Village Board direction, this levy rate has remained unchanged for the past four years.
It is important to point out that the Village approves the annual tax levy based on dollars requested ( not rate). The County Clerk then calculates the tax rate needed to produce the amount of dollars requested by each taxing district. Because of this, staff is using in its calculations a
higher
overall
Equalized Assessed Value ( EAV).
This higher EAV estimate is to
ensure that the Village captures the entire amount of the Village' s EAV, while still maintaining
the 2016 levy rate of. 4669. The 2017 levy represents a total request of$ 6, 349, 600; however the actual dollar amount the Village will receive is anticipated to be less. Staff will present and
discuss the proposed tax levy in greater detail at the October 23rd Village Workshop. As a reminder, the information provided is specific only to the Village of Plainfield' s portion of the property tax bills. The Village of Plainfield' s portion of the 2016 tax
levy
was
5. 13%.
Or, for
every dollar paid in property taxes by Village residents, 5. 13 cents is paid to the Village of Plainfield.
The proposed 2017 tax levy timeline is as follows: November 6th Village Board Meeting: Motion to acknowledge the preliminary estimate of the 2017 tax levy in the amount of$ 6, 349, 600 Week of November 20th: Publication of Notice of the Public Hearing for the Tax levy in The Enterprise of Plainfield and the Ledger-Sentinel of Oswego
December 4, 2017: Public Hearing on the proposed 2017 Tax Levy December 4, 2017 or December 18, 2017: Village Board consideration of the 2017 Tax
Levy
Ordinance for the Village
of
Plainfield
VILLAGE OF PLAINFIELD 2017 TAX LEVY WORKSHEET
2016 Equalized Assessed Valuation
1, 282, 556, 687
Estimate
1, 360, 000, 000
of
2017 Equalized Assessed Valuation:
Recommended
Levy
2016
Levy Corporate
2016
Extended
Levy
Rate
2, 452, 961
0. 1912
0. 0625
925, 000
0. 0680
14. 8332%
475, 000
0. 0349
7. 6171%
525, 000
0. 0386
8. 4189%
0. 0033
42, 000
0. 0031
0. 6735%
0. 1069
1, 370, 000
0. 1007
21. 9692%
5, 869, 411
0. 4576
6, 236, 000
0. 4585
100. 00%
118, 846
0. 0093
113, 600
0. 0084
IMRF
575, 818
0. 0449
Audit
42, 308
Police Pension
1, 370, 987
Operating Levy
over
5, 988, 257
Total
over
Levy
0. 4669
6, 349, 600
0. 4669
2016
Operating Levy Increase
Percentage
0. 0488
Immunity
Increase
Produced
46. 4881%
625, 839
Levy
Request
0. 2132
801, 498
Total
Levy
Rate
2, 899, 000
Police Protection
GO Bonds ( 1999A)
Recommended
366, 589
2016
361, 343
10/ 18/ 2017
VILLAGE OF PLAINFIELD, ILLINOIS
PROPERTY TAX RATES- DIRECT AND OVERLAPPING GOVERNMENTS
Last Ten
Levy
Year
2007
2008
2009
Levy
Years
2010
2011
2012
2013
2014
2015
2016
DIRECT TAX RATES General
0. 1690
0. 1663
0. 2053
0. 2012
0. 2032
0. 2158
0. 2210
0. 2099
0. 1974
0. 1921
Debt
0. 0094
0. 0084
0. 0024
0. 0086
0. 0090
0. 0098
0. 0098
0. 0098
0. 0097
0. 0088
Police Pension
0. 0761
0. 0724
0. 0503
0. 0682
0. 0721
0. 0767
0. 0783
0. 0811
0. 0911
0. 1068
IMRF
0. 0375
0. 0419
0. 0413
0. 0436
0. 0461
0. 0490
0. 0500
0. 0492
0. 0476
0. 0448
0. 0383
0. 0449
0. 0575
0. 0607
0. 0641
0. 0682
0. 0696
0. 0683
0. 0662
0. 0624
0. 0024
0. 0016
0. 0008
0. 0029
0. 0031
0. 0030
0. 0034
0. 0033
0. 0035
0. 0033
0. 0768
0. 0724
0. 0503
0. 0227
0. 0321
0. 0342
0. 0348
0. 0453
0. 0514
0. 0487
0. 4095
0. 4079
0. 4079
0.4079
0. 4297
0. 4567
0. 4669
0. 4669
0. 4669
0. 4669
0. 8091
service
Police
protection
Audit
Liability
insurance
Total direct
rates
OVERLAPPING TAX RATES Will
County Including
Forest Preserve
0. 6367
0. 6387
0. 6543
0. 6841
0. 7244
0. 7244
0. 8186
0. 8410
0. 8295
Plainfield CUSD# 202
4. 5134
4. 5270
4. 5876
4. 8618
5. 2705
5. 8323
6. 2265
6. 2622
6. 2410
5. 8941
Joliet Jr.
Community College# 525 Plainfield Township Park District
0. 1901
0. 1896
0. 2144
0. 2270
0. 2463
0. 2768
0. 2955
0. 3085
0. 3065
0. 3099
0. 1742
0. 1761
0. 1740
0. 1959
0. 2126
0. 2433
0. 2535
0. 2742
0. 2692
0. 2560
Plainfield Public
District
0. 1687
0. 1676
0. 1421
0. 1573
0. 1720
0. 1894
0. 2013
0. 2057
0. 2021
0. 1939
Plainfield Fire Protection District
0. 7787
0. 8323
0. 8419
0. 8656
0. 8872
0. 9216
0. 9970
1. 0122
1. 0036
0. 9674
Township
0. 1471
0. 1469
0. 1483
0. 1653
0. 1804
0. 1960
0. 2106
0. 2125
0. 2091
0. 1991
6. 6089
6. 6782
6. 7626
7. 1570
7. 6934
8. 3838
9. 0030
9. 1163
9. 0610
8. 6295
7. 0184
7. 0861
7. 1705
7. 5649
8. 1231
8. 8405
9. 4699
9. 5832
9. 5279
9. 0964
Library
and all other
Total overlapping
rates
TOTAL TAX RATES
Property
tax rates
are per$
100
of assessed valuation.
Data Source
Office
of
the
County
Clerk- Will
County,
Illinois
123 -
VILLAGE OF PLAINFIELD, ILLINOIS
ASSESSED VALUE AND ACTUAL VALUE OF TAXABLE PROPERTY
Last Ten
Levy Years
Total Taxable
Total
Estimated
Estimated
Levy
Residential
Commercial
Industrial
Farm
Railroad
Equalized
Direct Tax
Actual Taxable
Actual Taxable
Year
Property
Property
Property
Property
Property
Assessed Value
Rate
Value
Value
2007
$
1, 160, 519, 642
$
110, 300, 216
$
23, 447, 686
$
5, 546, 255
$
27, 716
$
1, 299, 841, 515
0. 4075 $
3, 899, 524, 545
33. 333%
2008
1, 223, 281, 087
129, 411, 871
25, 514, 981
3, 143, 177
36, 924
1, 381, 388, 040
0. 4079
4, 144, 164, 120
33. 333%
2009
1, 229, 229, 102
140, 306, 598
27, 907, 094
3, 613, 294
42, 287
1, 401, 098, 375
0. 4079
4, 203, 295, 125
33. 333%
2010
1, 152, 059, 670
143, 199, 078
20, 391, 687
3, 034, 973
211, 437
1, 318, 896, 845
0. 4079
3, 956, 690, 535
33. 333%
2011
1, 074, 299, 342
147, 453, 901
20, 061, 439
2, 975, 154
193, 049
1, 244, 982, 885
0. 4297
3, 734, 948, 655
33. 333%
2012
1, 018, 036, 579
136, 459, 597
20, 522, 201
3, 436, 478
155, 202
1, 178, 610, 057
0. 4567
3, 535, 830, 171
33. 333%
2013
992, 808, 661
133, 086, 233
20, 156, 072
3, 351, 502
344, 192
1, 149, 746, 660
0. 4669
3, 449,239, 980
33. 333%
2014
1, 001, 328, 597
147, 923, 967
19, 980, 960
3, 691, 038
403, 047
1, 173, 327, 609
0. 4669
3, 519, 982, 827
33. 333%
2015
1, 047, 526, 457
139, 342, 944
20, 657, 279
3, 905, 874
486, 066
1, 211, 918, 620
0. 4669
3, 635, 755, 860
33. 333%
2016
1, 115, 247, 993
144, 540, 932
18, 305, 506
3, 925, 296
536, 960
1, 282, 556, 687
0. 4669
3, 847, 670, 061
33. 333%
Note:
Property
in the Village is
reassessed each year.
Property is
assessed at
33%
of estimated actual value.
Data Sources
Office
of
the
County
Office
of
the
County Clerk- Kendall County, Illinois
Clerk- Will
County,
Illinois
122 -
VILLAGE OF PLAINFIELD, ILLINOIS
PROPERTY TAX LEVIES AND COLLECTIONS
Last Ten
Total Collections
Levy Levy
Collection
Fiscal
Year
Year
Year
2006
2007
2008
2007
2008
2009
2008
2009
2009
Years
Levy
within
the
Year Percentage
Tax Levied
$
4, 423, 287
Amount
$
of
Levy
Collections in
Total Collections
Total Collections
Subsequent Years
To Date
To Date
4, 418, 221
99. 89%
N/ A
4, 418, 221
99. 89%
5, 084, 818
5, 058, 460
99. 48%
N/ A
5, 058, 460
99. 48%
2010
5, 361, 674
5, 352, 303
99. 83%
N/A
5, 352, 303
99. 83%
2010
2011
5, 407, 741
5, 399, 892
99. 85%
N/ A
5, 399, 892
99. 85%
2010
2011
2012
5, 069, 976
5, 054, 072
99. 69%
N/A
5, 054, 072
99. 69%
2011
2012
2013
5, 366, 861
5, 294, 951
98. 66%
N/ A
5, 294, 951
98. 66%
2012
2013
2014
5, 370, 957
5, 279, 123
98. 29%
N/ A
5, 279, 123
98. 29%
2013
2014
2015
5, 368, 140
5, 355, 819
99. 77%
N/ A
5, 355, 819
99. 77%
2014
2015
2016
5, 478, 241
5, 462, 475
99. 71%
N/ A
5, 462, 475
99. 71%
2015
2016
2017
5, 658, 448
5, 644, 737
99. 76%
N/ A
5, 644, 737
99. 76%
Note: Levies
and collections
N/A- Information
for tax
levy
years
2006- 2010 include Will
County
only.
not available
Data Sources
Office
of
the
Office
of
the
County County
Clerk- Will
County, Illinois County, Illinois
Clerk- Kendall
125 -
