Palatine District 15 approves 2020 levy

The board of Palatine Township School District 15 approved a $136.1 million property tax levy for 2020, a 4.9% increase over the previous levy.

The 2020 levy includes a 2.3% cost-of-living increase plus new property growth within the district, which officials last month estimated at $20 million. The board approved the levy without discussion Wednesday night.

Property taxes amount to 72% of District 15's annual operating revenues.

District 15 taxes make up about 35.4% of Palatine homeowners' property tax bills, and 33.5% for those in Rolling Meadows, who live in the district.

The 2020 levy increase will amount to an average additional $73 on property tax bills for the owner of a home with a 2019 market value of $350,000, although that's "a really high-level guess," district officials said last month.