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Property Tax Extension Limitation Law (PTELL)

  • Section 18-185 of the Property Tax Code define CPI as "the Consumer Price Index for All Urban Consumers for all items published by the United State Department of Labor." This index is sometimes referred to as CPI-U. Section 18-185 defines "extension limitation" as ... "the lesser of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the levy year..." (emphasis added).
  • For 2012 extensions (taxes payable in 2013), the CPI to be used for computing the extension limitation and debt service extension base is 3.0%. The CPI is measured from December 2010 to Decemeber 2011. The U.S. City Average CPI for December 2010 was 219.179 and 225.672 for December 2011. The CPI change is calculated by subtracting the 2010 CPI of 219.179 from the 2011 CPI of 225.672. That amount is divided by the 2010 CPI of 219.179, which results in a 3.0% CPI.

 

Asmt

Year

% Used

for PTELL

Tax Levy

Year

Year Taxes

Paid

2017
2.1
2017
2018
2016
.7
2016
2017
2015
.8
2015
2016
2014
1.5
2014
2015
2013
1.7
2013
2014
2012
3.0
2012
2013
2011
1.5
2011
2012
2010
2.7
2010
2011
2009
.1
2009
2010
2008
4.1
2008
2009
2007
2.5
2007
2008
2006
3.4
2006
2007
2005
3.3
2005
2006
2004
1.9
2004
2005
2003
2.4
2003
2004
2002
1.6
2002
2003
2001
3.4
2001
2002
2000
2.7
2000
2001
1999
1.6
1999
2000
1998
1.7
1998
1999
1997
3.3
1997
1998
1996
2.5
1996
1997

 


 
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