NOTICE OF PROPOSED PROPERTY TAX DECREASE FOR THE CITY OF PARK RIDGE, COOK COUNTY, ILLINOIS

NOTICE OF PROPOSED PROPERTY TAX DECREASE FOR

THE CITY OF PARK RIDGE, COOK COUNTY, ILLINOIS

 

  1. A public hearing to approve a proposed property tax levy decrease for the City of Park Ridge, Cook County, Illinois for 2016 will be held on December 19, 2016 at 7:00 p.m. in the Council Chambers at Park Ridge City Hall, 505 Butler Place, Park Ridge, Illinois.

Any person desiring to appear at the public hearing and present testimony to the City Council of the City of Park Ridge (taxing district) may contact Joe Gilmore, Acting City Manager for the City of Park Ridge, Cook County, Illinois, 505 Butler Place, Park Ridge, Illinois 60068, (847) 318-5200, or appear at the hearing and present such testimony.

  1. The corporate and special purpose property taxes extended or abated for 2015 were $18,850,885.00.

The proposed corporate and special purpose property taxes to be levied for 2016 are $17,755,046.00.This represents a (5.81%) decrease over the previous year.

  1. The property taxes extended for debt service and public building commission leases for 2015 were $3,077,748.00.

The estimated property taxes to be levied for debt service and public building commission leases for 2016 are $2,389,483.00.This represents a (22.36%) decrease from the previous year.

  1. The total property taxes extended or abated for 2015 were $23,192,307.00.

The estimated total property taxes to be levied for 2016 are $21,404,055.00.This represents a (7.71%) decrease from the previous year.

 



 
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