Lake County, IL
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File #: 20-1581    Version: 2 Name: Tax Year 2020 Property Tax Levy
Type: ordinance Status: Passed
File created: 10/26/2020 In control: Financial & Administrative Committee
On agenda: Final action: 11/10/2020
Title: Ordinance recommending a Real Property Tax Levy, attached hereto and made part of this Ordinance, providing for the apportionment of taxes across the various items of the Fiscal Year (FY) 2021 Appropriation Ordinance as adopted by the County Board of Lake County, Illinois.
Attachments: 1. PTax 5 Year History 11022020.pdf
Title
Ordinance recommending a Real Property Tax Levy, attached hereto and made part of this Ordinance, providing for the apportionment of taxes across the various items of the Fiscal Year (FY) 2021 Appropriation Ordinance as adopted by the County Board of Lake County, Illinois.

Staff Summary
* This ordinance identifies the determined amount of tax dollars allocated to each of the countywide property tax funds for Tax Year 2020, collected during calendar year 2021.
* The total amount is the same amount extended for Tax Year 2019.
* The tax levy will be filed with the County Clerk once adopted.

Body
AN ORDINANCE PROVIDING FOR THE LEVY OF TAXES FOR LAKE COUNTY, ILLINOIS ENSUING FISCAL YEAR DECEMBER 1, 2020 THROUGH NOVEMBER 30, 2021

BE IT ORDAINED, by this County Board of Lake County, Illinois as follows:

SECTION 1. That the Annual Appropriation Ordinance of Lake County, Illinois for the ensuing fiscal year December 1, 2020 through November 30, 2021, having been approved in accordance with law and by reference is made a part hereof.

SECTION 2. That the $162,598,100 is the difference between the total amount of money heretofore legally appropriated for All County Purposes and the amount of money estimated as received from other sources or on hand, therefore, $81,445,600, for General County Purposes, and $81,152,500, for Other Purposes, as required by law as itemized herein for said year, be and the same is hereby levied on all property subject to taxation within the County of Lake, State of Illinois, as the same is assessed and equalized for tax purposes.

SECTION 3. That the purposes for which said amount of $162,598,100 is hereby levied respectively, as follows, to wit:

We have estimated the receipts of the County from fees and other sources amount to the sum of $183,051,424.

We have apportioned the estimated income and use of cash position to various items of the budget, and we would, therefore, recommend that the sum of $81,445,600, being the differe...

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