Measure on the ballot in the 2018 Illinois 2018 Primary Election in Mississippi.
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Get StartedThe limiting rate for raising property taxes will be increased
The limiting rate for raising property taxes will remain the same
Shall the limiting rate under the Property Tax Extension Limitation Law for the Fox Valley Park District, Kane, DuPage, Kendall and Will Counties, Illinois, be increased by an additional amount equal to 0.07000% above the limiting rate for levy year 2016 for park purposes and be equal to 0.41687% of the equalized assessed value of the taxable property therein for levy year 2018? (1) The approximate amount of taxes extendable at the most recently extended limiting rate is $13,830,176.13, and the approximate amount of taxes extendable if the proposition is approved is $16,621,170.83. (2) For the 2018 levy year the approximate amount of the additional tax extendable against property containing a single family residence and having a fair market value at the time of the referendum of $100,000 is estimated to be $23.33. (3) If the proposition is approved, the aggregate extension for 2018 will be determined by the limiting rate set forth in the proposition, rather than the otherwise applicable limiting rate calculated under the provisions of the Property Tax Extension Limitation Law (commonly known as the Property Tax Cap Law).
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