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Moline-Coal Valley presents 2024 tax levy as assessed values rise; rates to remain level
Summary
District staff presented the proposed 2024 tax levy, explained that equalized assessed value (EAV) increases—not rate hikes—are expected to raise total property tax revenue, and flagged a Truth in Taxation hearing on Dec. 9 before final adoption and county filing.
District finance staff presented the proposed 2024 tax levy during the Nov. 12 Moline-Coal Valley CUSD 40 meeting, saying the district will file the levy with Rock Island County in December and hold a Truth in Taxation hearing on Dec. 9. Speaker 5 said the presentation is a formal annual step required to set the maximum dollar extension the district may collect from property taxes.
Presenter details: the district’s revenue mix was described as roughly 70% local, 20% state and 10% federal. Staff told the board the district is not increasing tax…
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