Observations and comments about state government by State Representative Robert W. Pritchard.
The House passed HB 363 which amends the Property Tax Extension Limitation Law (PTELL) and tries to make the tax implications clearer for voters. The law would require officials to include any applicable equalization factor to the assessed value of property when determining the new tax amount in the ballot question.
Currently the equalization factor used for Cook County is so high that the actual increase in property taxes is up to three times greater than reported on the referendum question. Property tax payers are consequently quite surprised when they get their first tax bill after a successful referendum.
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