Somer Township Levy Increases, 2 (March 2012)
Both measures were defeated
The first measure sought to increase the current property tax by a rate of $9.33 per $100,000 of assessed property value for one year in order to help with general township needs.
The second measure sought to increase the current property tax by a rate of $8.97 per $100,000 of assessed property value for one year in order to help with general township needs.
- YES 58 (30.85%)
- NO 130 (69.15%)
Text of measure
The question on the ballot:
|Proposition 1: Shall the limiting rate under the Property Tax Extension Limitation Law for the Somer Township, Champaign County, Illinois, be increased by an additional amount equal to .0280% above the limiting rate for levy year 2010 and be equal to .1535% of the equalized assessed value of the taxable property therein for levy year 2012? 1. The approximate amount of taxes extendable at the most recently extended limiting rate is $38,261, and the approximate amount of taxes extendable if the proposition is approved is $46,798. 2. For the 2012 levy year the approximate amount of additional tax extendable against property containing a single family residence and having a fair market value at the time of referendum of $100,000 is estimated to be $9.33. 3. If the proposition is approved, the aggregate extension for 2012 will be determined by the limiting rate set forth in the proposition, rather than the otherwise applicable limiting rate calculated under the Property Tax Extension Limitation Law (commonly known as the Property Tax Cap Law).|
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