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Village of Park Forest - Finance News

Posted on: November 22, 2019

Public hearing for proposed property tax levy, Dec. 2

Village Hall

NOTICE OF PROPOSED PROPERTY TAX LEVY FOR THE VILLAGE OF PARK FOREST

I. A public hearing to approve a proposed property tax levy for the Village of Park Forest shall be held on Monday, December 2, 2019 at 7:00 p.m. at the Village Hall, Board Room, 350 Victory

Drive, Park Forest, Illinois. Any person desiring to appear at the public hearing and present testimony to the taxing Village may contact Mark Pries, Finance Director, telephone 708-283-5607.

II. The corporate and special purpose property taxes extended or abated for the year 2018 were $19,147,995.

The proposed corporate and special purpose property taxes to be levied for 2019 are $19,831,886. This represents a 3.5% increase over the previous year.

III. The property taxes extended for debt service and public building commission leases for 2018 were $274,483.

The estimated property taxes to be levied for debt service for 2019 are $274,483. This represents a 0.0% increase over the previous year.

IV. The total property taxes extended or unabated for 2018 were $19,422,478.

The estimated total property taxes to be levied for 2019 are $20,106,369. This represents a 3.5% increase over the previous year.

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