By Melissa Burnor
Deerfield Township will get a boost to its tax rolls in December. The completion of the ITC Transmission’s Morocco substation last December with a stated cash value of $25 million resulted in a large increase in the personal property value for the township.
The substation’s taxable value in December will be about $11.5 million, township assessor Chris Renius said. That translates into approximately $11,500 per mill. This is above the taxes assessed on the land where the substation now stands.
The substation is also subject to the 18-mill non-homestead tax. This will bring in about $200,000 for the schools. Although it does not mean additional monies, it does mean that Britton Deerfield Schools will get the money directly before the state aid formula payment.
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