Board Reviews Proposed Tax Levy with Slight Increase Expected

Lake Land College Board of Trustees Meeting | November 2025

Article Summary: Lake Land College administrators presented a proposed aggregate tax levy for 2025 that includes a marginal increase over the prior year, remaining below the threshold that requires a public hearing.

Tax Levy Key Points:

• Estimated Rate: The levy rate is estimated to increase to approximately $0.5100 per $100 of equalized assessed value (EAV).

• Levy Increase: The total amount levied is expected to increase by 0.69% compared to the prior year.

• No Hearing Needed: Because the increase does not exceed 5%, a truth-in-taxation hearing is not required.

• Next Steps: The board is scheduled to officially adopt the Certificate of Tax Levy at its December 8 meeting.

The Lake Land College Board of Trustees on Monday, November 10, 2025, reviewed the proposed aggregate tax levy for the 2025 levy year, which projects a less than 1% increase in the total extension.

John Woodruff, Vice President for Business Services, presented the recommendation from Comptroller Madge Shoot. Woodruff informed the board that the proposed levy will not exceed a 5% increase over the previous year’s extension, meaning a truth-in-taxation hearing is not required by law.

While the actual tax rate will not be finalized until late spring when the 15 counties in the district determine their equalized assessed values (EAV), the college estimates the rate will rise to approximately $0.5100 per $100 EAV. This represents a 0.69% increase in the overall amount levied compared to the prior year.

Woodruff noted that Lake Land’s portion of an individual taxpayer’s total bill is approximately 5%, reflecting the college’s comparatively low overall tax rate. Following a required waiting period of at least 20 days, the administration plans to bring the levy back to the board for formal adoption during the December 8, 2025, regular meeting.