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Public Hearing for City of Park Ridge Tax Levy scheduled for December 16, 2019

December 3, 2019 12:50 PM

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


I. A public hearing to approve a proposed property tax levy increase for the City of Park Ridge, Cook County, Illinois for 2019 will be held on December 16, 2019 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, 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.

II. The corporate and special purpose property taxes extended or abated for 2018 were $16,236,647.

The proposed corporate and special purpose property taxes to be levied for 2019 are $17,559,850. This represents an 8.15% increase over the previous year.

III. The property taxes extended for debt service and public building commission leases for 2018 were $262,212.

The estimated property taxes to be levied for debt service and public building commission leases for 2019 are $0.  This represents a (100.00%) decrease from the previous year.

IV. The total property taxes extended or abated for 2018 were $16,498,859.

The estimated total property taxes to be levied for 2019 are $17,559,850.  This represents a 6.43% increase from the previous year.

 



 
 
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