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Declining EAV: How to Explain the Impact to the Community, Effect on Revenues and Levy Strategies

IASBO
October 25, 2012
Downers Grove, IL
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Ares Dalianis co-presents "Declining EAV: How to Explain the Impact to the Community, Effect on Revenues and Levy Strategies," a seminar sponsored by Illinois Association of School Business Officials (IASBO). With property values in decline a new reality is emerging in districts subject to the PTELL. Tax rates are increasing, some even exceeding their maximum rate limit per fund, to make up for the loss in EAV. Property owners are facing lower market values and higher tax rates. In this presentation, Ares discusses best practices for effectively communicating this phenomenon to the community and developing strategies for stabilizing or reducing tax rates without permanently handicapping revenue generation.