When will the highest extension of the last three years be used under the PTELL?
Answer #342 -- ( Published 09/30/2005 11:52 AM | Updated 07/12/2017 10:40 AM )
When will the highest extension of the last three years be used under the Property Tax Extension Limitation Law (PTELL)?
Under 35 ILCS 200/18-185
, if, during the previous levy year, a taxing district had a decreased aggregate extension compared to the preceding levy year, the aggregate extension base is the highest aggregate extension in any of the last three preceding levy years.
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