PTEL

(redirected from Property Tax Extension Limitation Law)
AcronymDefinition
PTELProperty Tax Extension Limitation Law
PTELPrequalified Training Equipment List
PTELPage Table Entry Low (programming)
References in periodicals archive ?
The district's 2013 budget includes an increase in the property tax levy that is less than the full amount allowed under the Property Tax Extension Limitation Law.
The series 2012B bonds are secured by a direct annual tax unlimited as to rate, but limited as to amount by the provisions of the Property Tax Extension Limitation Law.
The amount of taxes that may be extended to pay the bonds is limited by the property tax extension limitation law, which limits the growth in the levy to the lesser of 5% or CPI, plus new construction.
The bonds are general obligations of the district, payable from ad valorem taxes levied upon all taxable property within the district without limitation to rate, but limited as to amount by the provisions of the Property Tax Extension Limitation Law of the State of Illinois.
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