Low Inflation Rate Will Limit Tax Hikes for Next Two Years

Tax levies are limited by the increase in the Consumer Price Index under the Property Tax Cap.

For bills coming up this year and next, the maximum increase by tax districts (with some exceptions) will be 2.3% and 1.4% respectively.

The history of the Tax Cap limits can be seen here.


Comments

Low Inflation Rate Will Limit Tax Hikes for Next Two Years — 1 Comment

  1. And yet Illinoisans will pay for those 3% yearly compound interest rate increases for the special class we have here in Illinois.

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