The following referendum will be put before voters in the Peotone School District on April 5, 2011:
"Shall the limiting rate under the Property Tax Extension Limitation Law for Peotone Community Unit School District Number 207-U, Will and
Kankakee Counties, Illinois, be increased by an additional amount equal to 0.6500% above the limiting rate for levy year 2009 for school purposes
and be equal to 2.9539% of the equalized assessed value of the taxable property therein for levy year 2011?
(1) The approximate amount of taxes extendable at the most recently extended limiting rate is $9,121,708.82, and the approximate amount of taxes
extendable if the proposition is approved is $11,695,219.27.
(2) For the 2011 levy year the approximate amount of the additional tax extendable against property containing a single family residence and having
a fair market value at the time of the referendum of $100,000 is estimated to be $216.66.
(3) If the proposition is approved, the aggregate extension for 2011 will be determined by the limiting rate set forth in the proposition, rather than
the otherwise applicable limiting rate calculated under the provisions of the Property Tax Extension Limitation Law (commonly known as the Property Tax Cap Law). "
To get election results, go to the Will County Clerk's election results page. Results will be posted as precincts report after the polls close at 7p.m. on April 5th, 2011. Since the Peotone School district is comprised of land in both Will and Kankakee County, you will also need to get results from the Kankakee County Clerk's election results page. Go to both pages and scroll down to the Peotone referendum section.
