Measure on the ballot in the 2022 Illinois Primary Election in Pecatonica township.
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Get StartedThe approximate amount of taxes extendable at the most recently extended limiting rate is $54,895, and the approximate amount of taxes extendable if the proposition is approved is $68,892. For the 2022 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 $4.27. Based upon an average annual percentage increase in the market value of such property of 2.9% equal to the average annual percentage increase for the prior three levy years, the approximate amount of the additional tax extendable against such property for the 2023 levy year is estimated to be $.61. If the proposition is approved, the aggregate extension for 2022 will be determined by the limiting rate set forth in the proposition, rather than the applicable limiting rate calculated under the provisions of the Property Tax Extension Limitation Law (commonly known as the Property Tax Cap Law).
Shall the limiting rate under the Property Tax Extension Limitation Law for the Pecatonica-Seward Multi-Township Assessment District, Winnebago County, Illinois, be increased an additional amount equal to .0128% above the limiting rate for levy year 2021 and be equal to .0630% of the equalized value of the taxable property therein for levy year 2022?
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