On April 4, 2017, the Evanston/Skokie community will be asked to decide on the following question:
"Shall the limiting rate under the Property Tax Extension Limitation Law for Evanston/Skokie Community Consolidated School District Number 65, Cook County, Illinois be increased by an additional amount equal to 0.595% above the limiting rate for school purposes for levy year 2015 and be equal to 4.166% of the equalized assessed value of the taxable property therein for levy year 2016?" 1) The approximate amount of taxes extendable at the most recently extended limiting rate is $86,960,550, and the approximate amount of taxes extendable if the proposition is approved is $101,460,550. 2) For the 2016 levy year the approximate amount of the additional tax extendable against property containing a single family residence and having a fair market value at the time of the referendum of $100,000 is estimated to be $158.78. 3) If the proposition is approved, the aggregate extension for 2016 will be determined by the limiting rate set forth in the proposition, rather than the otherwise applicable limiting rate calculated under the provisions of the Property Tax Extension Limitation Law (commonly known as the Property Tax Cap Law).
Yes = voting FOR the referendum
No = voting AGAINST the referendum
A successful referendum will provide a higher limiting rate in order to capture the additional $14.5M of property taxes above the tax cap limit. Essentially, the question on the election ballot asks for authorization to increase property taxes for school purposes.
Sample ballots can be viewed on the Cook County Clerk website by entering your home address in the 'Your Voter Information' tab. Click here
to visit this website.