(A) Corporate rate. The maximum rate for general corporate purposes of the village shall be and the same is hereby established at a rate of 0.25%.
(Prior Code, § 36-2-1)
(B) Maximum rates established. The maximum tax rates for the various purposes of the village of the full, fair, cash value as equalized or assessed by the Department of Revenue on all the taxable property within the village shall be as follows:
Fund/Purpose | Maximum Rate |
Audit tax | $0.16658 per $100 |
Fire protection | $0.08 per $100 |
Liability insurance | $0.24987 per $100 |
Library | $0.15 per $100 |
Police protection | $0.075 per $100 |
Social Security | $0.17699 per $100 |
(Prior Code, § 36-2-2)
Statutory reference:
Related provisions, see 65 ILCS 5/8-3-1