Does the “highest of the last three years” provision in Section 18-185 of the PTELL apply to reductions due to abatements?
Answer #350 -- ( Published 10/12/2005 10:46 AM | Updated 08/08/2012 10:00 AM )
Does the “highest of the last three years” provision in Section 18-185 of the Property Tax Extension Limitation Law (PTELL) apply to reductions due to abatements?
Yes. This provision applies to any reductions in extensions.
