D200 residents will pay more for Jefferson during final year, property taxes overall will decrease
WHEATON — In order to fund a new Jefferson Early Childhood Center, residents in Wheaton Warrenville District 200 will pay about half the cost of the project between levy years 2013 and 2022, with the remaining $12 million to be paid in levy year 2023, the final year of repaying the Jefferson debt.
This means that from 2013 until 2022, annual property tax increases specific to the Jefferson project would range from $19 for owners of a $200,000 home in the district to $51 for owners of a $500,000 home. But in 2023, the tax increase on residents will rise to $224 for owners of a $200,000 home and $585 for owners of a $500,000 home.
Overall, however, the amount residents pay in property taxes to the district will decrease that final year.
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