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Under the PTELL system, “Increases in property tax extensions are limited to the lesser of 5 percent or the increase in the consumer price index for the year preceding the levy year.
“It is the opinion of the County Board that the Chairman has exhibited chronically inept management, lack of communication or research on important issues relating to lowering property taxes ...
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Its operations are paid for by an airport taxation district created in 1946, which collects taxes from property owners in the Madison County townships of Alton, Wood River, Foster and Fort Russell. F-4 Phantom II on display at the airport with the control tower in the background
Most local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. [1] This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property ...
Madison County was established on September 14, 1812. It was formed from parts of Randolph and St. Clair counties and named for President James Madison. [3] At the time of its formation, Madison County included all of the modern State of Illinois north of St. Louis, as well as all of Wisconsin, part of Minnesota, and Michigan's Upper Peninsula.
Assessed home value x tax rate = property tax. For instance, if your home’s assessed value is $400,000 and your local tax rate is 2 percent, you’d owe $8,000 per year in property taxes.
New Douglas Township is located in Madison County, Illinois, in the United States. As of the 2010 census, its population was 509 and it contained 238 housing units. [2]
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