Proposition to Increase the Limiting Rate to Maintain and Improve Woodlands, Wetlands and Prairies in DuPage County
Shall the limiting rate under the Property Tax Extension Limitation Law for the Forest Preserve District of DuPage County, Illinois, be increased by an additional amount equal to 0.0350% above the limiting rate for levy year 2023 for the purpose of preserving, restoring, and maintaining forests, open spaces, and water quality; acquiring lands to protect rivers, watersheds, and wildlife habitat; planting trees; enhancing flood control and drainage; maintaining and improving forest preserve woodlands, wetlands and prairies; providing nature education and outdoor opportunities for all ages; increasing forest preserve access and safety; improving recreational amenities such as multi-use trails and campgrounds; and for other purposes of the Forest Preserve District of DuPage County, and be equal to 0.1033% of the equalized assessed value of the taxable property therein for levy year 2024?
(1) The approximate amount of taxes extendable at the most recently extended limiting rate is $33,315,240 and the approximate amount of taxes extendable if the proposition is approved is $50,387,471.
(2) For the 2024 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 $11.67.
(3) If the proposition is approved, the aggregate extension for 2024 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).
