Riverton Tax Rate One of Lowest in the County
2007 Tax Levy
by Tom Mulligan
September 26, 2008
The Riverton School District will soon be adopting the Tax Levy for the 2008 Tax Year. The Riverton CUSD #14 is again expecting the tax rate for the district to remain the same or decline this year. This rate reduction would mark the eleventh time in thirteen years that there has been a decrease in the tax rate. The tax rate is applied to determine the portion of each person’s tax bill that goes to the school district. Last year, the overall tax rate went from $4.0379 per $100 of equalized assessed value down to $3.9657. The rate has dropped over $.78 since its high in 1995 ($4.7538).
In a recent report from the Sangamon County Clerks Office on the 2007 Tax Levy, Riverton has the 3rd lowest tax rate of the district in Sangamon County. The only two districts with lower tax rates than Riverton ($3.9675) were Pawnee ($3.9305) and Auburn ($3.5588). That means that several school districts were well above the Riverton School District Tax rate. The Sangamon County district with the highest tax rate was New Berlin at $4.7100). See chart below for summary.
The overall tax rate includes voter approved bonds for building projects. In 2005, the voters of the Riverton School District approved a referendum for the recent school construction project in our district. Last year, those bonds represented ($0.6710) of the district total’s total rate. That leaves $3.2938 for a tax rate that is not voter approved. In this scenario, the Riverton School District has the lowest overall tax rate, excluding voter approved bonds. The next closest district to Riverton is Rochester with a rate of $3.4038. See chart below for summary
Total Tax Rate
|
District |
Rank |
Tax Rate |
|
Auburn |
1 |
3.5588 |
|
Pawnee |
2 |
3.9305 |
|
Riverton |
3 |
3.9657 |
|
Chatham |
4 |
4.1379 |
|
Rochester |
5 |
4.1913 |
|
Tri-City |
6 |
4.3324 |
|
Springfield |
7 |
4.4258 |
|
Williamsville |
8 |
4.5464 |
|
New Berlin |
9 |
4.7100 |
Total Tax Rate (excluding Bond and Interest)
|
District |
Rank |
Tax Rate |
|
Riverton |
1 |
3.2938 |
|
Rochester |
2 |
3.4038 |
|
Chatham |
3 |
3.5374 |
|
Auburn |
4 |
3.5588 |
|
Pawnee |
5 |
3.5798 |
|
Williamsville |
6 |
3.6957 |
|
Tri-City |
7 |
3.9050 |
|
New Berlin |
8 |
4.0142 |
|
Springfield |
9 |
4.0600 |
