Financial Impact
To find your taxable property value, go to the Cook County assessors website:
http://www.cookcountyassessor.com/Search/Property-Owner-Search.aspx.
You can search for your home by entering the 14 digit Property Index Number (PIN) that is listed on your Tax Bill (It is highlighted yellow in the sample bill below) or by address.
Using the financial calculator below, the tax increase for the sample property would be as follows:
Assessed Property Value w/ Homestead Exemption = $250,000
Yearly Tax Increase = $197.32 (for 20 years)
School District 79 (Pennoyer) - Tax Calculator
What was the property value indicated on your 2019 tax bill (paid Summer and Fall 2020)? | |
Are you eligible for a Homestead Exemption? | |
Are you eligible for an additional Disabled Person's Exemption? | |
Are you eligible for an additional Returning Veterans' Homestead Exemption? | |
Are you eligible for an additional Senior Citizen Exemption? |
Est. 2019 Property Value | |
Total Assessed Value (10%) | |
Estimated Multiplier | 2.9160 |
Homestead Exemption | |
Returning Veterans' Homestead Exemption | |
Disabled Person's Exemption | |
Senior Citizen Exemption | |
Net Equalized Assessed Value |
Projected Tax Rate Increase | Net equalized Assessed Value | Estimated Increase on Tax Bills |
---|---|---|
.3137 |
Pennoyer SD 79 |
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Area School District Tax Rates |
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District Name | Operating Tax Rate | + | B&I Tax Rate | = | Total Tax Rate |
Pennoyer 79 | $2.349 | $0.147 | $2.496 | ||
Norridge 80 | $2.185 | $0.029 | $2.214 | ||
Park Ridge 64 | $3.861 | $0.179 | $4.040 | ||
Des Plaines 62 | $3.921 | -- | $3.921 | ||
East Maine 63 | $3.107 | $0.385 | $3.492 | ||
Union Ridge 86 | $2.782 | $0.080 | $2.862 |
Why additional funding is needed
Pennoyer’s finances are strong, however, due to the Property Tax Extension Limitation Law (PTELL), also known as a tax cap, Pennoyer is unable to raise revenues through taxation without a referendum.