APRIL SHOWERS BRING MAY FLOWERS & END OF THE YEAR SCHOOL INFORMATION
April and May are the months when the county clerk & township assessors finalize the taxing body’s levy extensions, mail out the property tax bills to the local tax payers, and send the final levy tax extension reports to school districts. Springtime is when the county clerk finalizes each taxing body’s tax rates. From these tax rate calculations, there are several tax extension/rate variables that are out of the school district’s and other taxing body’s control. Taxing bodies have no control over final township property assessments, property re-evaluation, township multipliers, Consumer Price Index (CPI), property tax appeals, and property tax exemptions. Increases or decreases in all of these uncontrollable variables affect a taxing body’s final tax rate which affects each individual property tax payer.