State
Illinois
Year
2020
Limit Type
Levy Limit
Limit Name
Property Tax Extension Limitation Law (PTELL)
Limit Description
For non-home rule taxing districts, the increase in total levy for all funds is limited to the lower of 5% or the rate of inflation during the previous year, measured by the urban consumer price index. For the taxes levied in 2020, the increase is 2.3%.
Override Process
Taxing jurisdictions may ask voters to approve a higher limiting rate for up to 4 years. The ballot must identify the proposed increase, the proposed maximum limiting rate, the year the increase will apply, and the additional taxes on a $100,000 home. In asking for an override of the limit, the district may seek an increase in the levy, the limiting rate, levy a new rate, or increase debt service levy. Notice must be provided.
Record ID
IL002_LM20
Footnotes
Sources
35 Ill. Comp. Stat. § 200/18-190;
35 Ill. Comp. Stat. § 200/18-205;
35 Ill. Comp. Stat. § 200/18-212 (in effect 2020)
[https://www2.illinois.gov/rev/research/publications/Documents/pios/pio-62.pdf accessed 11/20/2021]
View Archived Source
History of the CPI's Used for the PTELL, Illinois Department of Revenue
[https://www2.illinois.gov/rev/localgovernments/property/Documents/cpihistory.pdf Accessed 11/20/2021]
View Archived Source
Mullins, Daniel and Kimberly Cox.
1995.
Tax and Expenditures Limits on Local Governments, M-194, Washington, DC: Advisory Commission on Intergovernmental Relations.
View Archived Source