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District 21 board approves tentative 2025 tax levy; finance director outlines PTELL impact
Summary
Finance director Mike Zager presented the districts tentative 2025 property-tax levy and the board voted to place the final levy on the Nov. 13 agenda; the presentation explained the Property Tax Extension Limitation Law (PTELL), Cook County equalization factors and the process/timetable for levy extension and collection.
The board voted Oct. 16 to accept the districts tentative 2025 property-tax levy as presented by finance director Mike Zager and to place the final aggregate levy for approval on the Nov. 13 board agenda.
Zager walked the board through the levy process in Cook County, explaining the state equalization factor (Cook County mailed assessed values at 10% and the state equalizes to 33% of market value) and how the county applies the Property Tax Extension Limitation Law (PTELL). He said the boards 2025 tentative…
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