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 08/08/2012 10:00 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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When will the highest extension of the last three years be used under the PTELL?

When will the highest extension of the last three years be used under the Property Tax Extension Limitation Law (PTELL)?

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