The District has experienced nine consecutive years of positive growth in EAV. It is anticipated that this trend will continue for the 2023 levy year (2024 budget year) where EAV is projected to increase by 5.0%. Based on the District’s levy request, the average homeowner should see an increase in taxes paid to the District for 2024 of approximately $19 (a total of $423 based on a home value assessed at $442k). The District’s tax rate represents approximately 5% of a resident’s tax bill depending on the school district in which residents reside. The segmentation of a typical resident tax bill is illustrated on the right: TAX RATE TREND As illustrated in the graph on the right, the District’s tax rate is lower for the 2023 tax year. The rate increased in 2003 with the passing of P.A. 93-601 amending 30 ILCS 350/1 et seq, which addressed the District’s limit on its debt service extension, and 70 ILCS 1205/5-8, which removed the tax extension for the Special Recreation Fund from the aggregate extension (subject to PTELL). The District’s tax rate flattened out in 2007, began to increase in 2008 and continued to rise through 2014. Because the District is tax-capped (aggregate extension is limited to the lesser of CPI or 5%), any time the rate of growth in the community is less than the annual change in CPI, it will result in an increase of the overall tax rate (For example, CPI is 1.5% and growth is estimated to increase 1%). The opposite scenario (growth rate is higher than annual change in CPI) results in a decline in the tax rate, which largely explains why the District’s rate continues to steadily drop during the periods of rapid growth in the community from 2015-2020 when growth exceeded the annual change in CPI.
72.26%
WHERE YOUR TAX DOLLARS GO...
2,400 ACRES $423 AVERAGE TAXES PAID TO NAPERVILLE PARK DISTRICT 138 PARKS
8.66%
4.73%
3.97%
3.30%
2.25%
2.06%
.98%
.27% .76% .76%
DUPAGE AIRPORT AUTHORITY
LISLE TOWNSHIP
COUNTY HEALTH DEPARTMENT
LISLE TOWNSHIP ROAD
COUNTY OF DUPAGE
DUPAGE FOREST PRESERVE
NAPERVILLE PUBLIC LIBRARY
COMMUNITY COLLEGE #502
CITY OF NAPERVILLE
SCHOOL DISTRICT
NAPERVILLE PARK DISTRICT
0.25 0.29 0.28 0.27 0.26 0.30 0.35 0.34 0.33 0.32 0.31
0.20 0.24 0.23 0.22 0.21 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
2024 BUDGET 20
napervilleparks.org
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