Voter’s Edge Illinois
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Presentado por
MapLight
November 8, 2016 — Illinois Elección General
Condado

Madison County
Lower Limiting Rate -

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Shall the maximum tax rate for general county purposes of Madison County, Illinois, be established at 0.20 percent of the equalized assessed value of the taxable property therein instead of 0.25 percent, the maximum rate otherwise applicable to the next taxes to be extended?

(1) This change is proposed to reduce the funds available for general county purposes.

(2) The maximum levy extendable under the current rate is $11,668,189.65. The maximum levy extendable under the proposed rate would be $9,334,551.72.

(3) The approximate maximum allowable tax extendable on a single family home with a Fair Market Value of $100,000 is $83.33 under the current rate and would be $66.67 under the proposed rate.

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