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The City of Wood River just received its Equalized Assessed Value, and it's the highest it's ever been. Coming in at $132.9-million, that's a decrease from the 2017 levee, and the lowest rate since 2011, according to Mayor Cheryl Maguire.
The tax rate is $1.6473, which she tells The Big Z is the lowest rate since 1970.
Click here for Maguire's comments
She credits a lot of that to the amount of construction in the city, including projects at Jack Schmitt Chevrolet, Aldi's, and The Pump House. She says last year there were 488 building permits issued for $6.7-million worth of construction in the city. Eleven businesses made over $3-million in improvements. The Equalized Assessed Value (EAV) of your property is the product of the assessed value of your property (both land and improvements) and the State Equalization Factor, which is set by the Illinois Department of Revenue.