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A proposed limit on property tax growth in Madison County appears to be dead, at least for now. County Board Chairman Kurt Prenzler asked the County Board earlier this year to place a Property Tax Extension Limitation Law on the November ballot. The Government Relations Committee on Monday unanimously defeated the proposal.
The PTELL referendum would have limited property tax growth to no more than the lesser of the Consumer Price Index annual increase or 5 percent. Madison County Board member Mick Madison (R-Bethalto) tells The Big Z that while that may sound good on the surface, there could be unintended consequences.
Click here for Madison's comments
Thirty-nine counties in Illinois have approved PTELL measures. It does not appear the Tax Cycle Committee will entertain the option of bringing PTELL back for another vote, essentially sinking the plan.