From a comment left by “KnownExtremist:” Here is the story with Valley Hi. In 2002 the voters approved a referendum to allow a special real estate tax to be imposed on them to fund Valley Hi. At that time, Valley … Continue reading
Category Archives: PTELL
State Rep. Allen Skillicorn asked the Legislative Research Unit to take a look at two questions: Could property taxes have been lowered by referendum before PTELL [FN 1] [called the Property Tax Cap by most folks]? If so, did that … Continue reading
State Rep. Allen Skillicorn asked the Legislative Research Unit to take a look at two questions: Could property taxes have been lowered by referendum before PTELL [FN 1] [called the Property Tax Cap by most folks]? If so, did that … Continue reading
State Rep. Allen Skillicorn asked the Legislative Research Unit to take a look at two questions: Could property taxes have been lowered by referendum before PTELL [FN 1] [called the Property Tax Cap by most folks]? If so, did that … Continue reading
State Rep. Allen Skillicorn asked the Legislative Research Unit to take a look at two questions: Could property taxes have been lowered by referendum before PTELL [FN 1] [called the Property Tax Cap by most folks]? If so, did that … Continue reading
State Rep. Allen Skillicorn asked the Legislative Research Unit to take a look at two questions: Could property taxes have been lowered by referendum before PTELL [FN 1] [called the Property Tax Cap by most folks]? If so, did that … Continue reading
State Rep. Allen Skillicorn asked the Legislative Research Unit to take a look at two questions: Could property taxes have been lowered by referendum before PTELL [FN 1] [called the Property Tax Cap by most folks]? If so, did that … Continue reading
State Rep. Allen Skillicorn asked the Legislative Research Unit to take a look at two questions: Could property taxes have been lowered by referendum before PTELL [FN 1] [called the Property Tax Cap by most folks]? If so, did that … Continue reading
State Rep. Allen Skillicorn asked the Legislative Research Unit to take a look at two questions: Could property taxes have been lowered by referendum before PTELL [FN 1] [called the Property Tax Cap by most folks]? If so, did that … Continue reading
Both Governor Jim Edgar and Governor Bruce Rauner made property tax relief a centerpiece of their campaigns. Back in 1991 there was a resulting standoff between Republican Governor Jim Edgar and Democratic Party House Speaker Mike Madigan. Edgar had promised … Continue reading
Both Governor Jim Edgar and Governor Bruce Rauner made property tax relief a centerpiece of their campaigns. Back in 1991 there was a resulting standoff between Republican Governor Jim Edgar and Democratic Party House Speaker Mike Madigan. Edgar had promised … Continue reading
The Consumer Price Index has been calculated by the U.S. Bureau of Labor Statistics and (drum roll), it’s 2.1%. As you can see above, next year’s tax bills are allowed to increase–in the aggregated–for each tax district by 7/10 of … Continue reading
The Crystal Lake Rural Fire Protection District has a “black box” ad in the Northwest Herald today. When a tax districts asks for more than 5% more than it received the year before, this newspaper revenue enhancer must be published. … Continue reading
Real estate assessments are being hiked by 8% in a lot of townships. That has to be scaring people who don’t understand the property tax system. There are two parts to the tax bill: the assessment the tax rate On … Continue reading
Under the Property Tax Cap, a non-Home Rule Unit (think municipalities over 25,000 people like Chicago, Crystal Lake and McHenry, plus municipalities who have approved Home Rule by referendum vote lie Barrington Hills) may not raise its tax levy by … Continue reading
Ran into Crystal Lake High School District 155 Board President Ted Wagner and he told me something I did not know before. The High School Board “left $758,000 on the table.” Those were his words. What’s that mean? It means … Continue reading
Earlier this month, the Illinois Department of Revenue showed in inflation increase was 8/10 of 1% for 2015. That indicated that non-Home Rule tax districts (schools being the most expensive) could not increase their tax take by more than 8/10 … Continue reading
The Illinois Revenue Department has released the Consumer Price Index number for 2015. It will determine how much budgets of non-Home Rule units like schools can increase their budgets next year. The rate of inflation last year was 8/10 of … Continue reading
One more month to go in 2015 and it doesn’t look as if the cost of living will have gone up even one percent. Tax districts, such as schools, are limited to taking no more total dollars than the percentage … Continue reading
As I have been trying to get through to folks, something called the “tax extension” is what people (including reporters) should concentrate on. The extensions of all tax districts in McHenry County can be found on the McHenry County Clerk’s … Continue reading