{"id":88689,"date":"2009-12-18T09:30:00","date_gmt":"2009-12-18T14:30:00","guid":{"rendered":"http:\/\/goforward.harpercollege.edu\/page.cfm?p=5654&newsid=909"},"modified":"2009-12-18T09:30:00","modified_gmt":"2009-12-18T14:30:00","slug":"harper-college-board-of-trustees-adopts-estimated-tax-levy","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/88689","title":{"rendered":"Harper College Board of Trustees Adopts Estimated Tax Levy"},"content":{"rendered":"<p><strong><em>Tax cap, property tax appeals will limit amount College will collect<\/em><\/strong><\/p>\n<p>(PALATINE, IL) The Harper College Board of Trustees adopted the College&rsquo;s annual estimated tax levy following a public hearing at the regular meeting on Thursday, December 17, 2009. <\/p>\n<p>The total levy for 2009 is $64,112,301, a decrease of four-tenths of one percent (0.4%) from the previous year&rsquo;s final extension. <\/p>\n<p>The amount of property tax revenue that Harper will be able to collect, however, is governed by the state&rsquo;s property tax cap. The tax cap restricts the amount of money a taxing body can collect to five percent over the previous year&rsquo;s extension or the current rate of inflation, whichever is less. The current CPI is 0.1 percent. <\/p>\n<p>The College also anticipates losing $1.6 million in revenue to successful property tax appeals from commercial property owners in 2010. Since 2003, Harper has lost $9.4 million in revenue from successful tax appeals made to the Property Tax Appeals Board (PTAB). <\/p>\n<p>The estimated tax rate for all Harper College tax-capped funds is 19.66 cents per $100 of assessed valuation for 2009. That represents a decline of two-tenths of one percent (0.2%) from 2008, when Harper&rsquo;s tax rate was 19.70 cents per $100 of assessed valuation. <\/p>\n<p>The board first reviewed the property tax levy at its October 15, 2009 meeting. <\/p>\n<p align=\"center\">&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax cap, property tax appeals will limit amount College will collect (PALATINE, IL) The Harper College Board of Trustees adopted the College&rsquo;s annual estimated tax levy following a public hearing at the regular meeting on Thursday, December 17, 2009. The total levy for 2009 is $64,112,301, a decrease of four-tenths of one percent (0.4%) from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-88689","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/88689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=88689"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/88689\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=88689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=88689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=88689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}