Mahomet Library District Levy Increase (April 2011)
This measure was defeated
- YES 571 (43.72%)
- NO 735 (56.28%)
This measure sought to increase the current library levy to a rate of .25 percent which would be around $16.67 per $100,000 per year for local residents for use in paying for general library maintenance and operational costs.
Text of measure
The question on the ballot:
| Shall the limiting rate under the Property Tax Extension Limitation Law for the Mahomet Public Library District, Champaign County, Illinois, be increased by an additional amount equal to .05% above the limiting rate for levy year 2009 and be equal to .2461% of the equalized assessed value of the taxable property therein for levy year 2011?
(1) The approximate amount of taxes extendable at the most recently extended limiting rate is $428,600, and the approximate amount of taxes extendable if the proposition is approved is $537,882.
(2) For the 2011 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 $16.67.
(3) If the proposition is approved, the aggregate extension for 2011 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).
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