PTELL Information
- Section 18-185 of the Property Tax Code define CPI as "the Consumer Price Index for All Urban Consumers for all items published by the United State Department of Labor." This index is sometimes referred to as CPI-U. Section 18-185 defines "extension limitation" as ... "the lesser of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the levy year..." (emphasis added).
- For 2012 extensions (taxes payable in 2013), the CPI to be used for computing the extension limitation and debt service extension base is 3.0%. The CPI is measured from December 2010 to Decemeber 2011. The U.S. City Average CPI for December 2010 was 219.179 and 225.672 for December 2011. The CPI change is calculated by subtracting the 2010 CPI of 219.179 from the 2011 CPI of 225.672. That amount is divided by the 2010 CPI of 219.179, which results in a 3.0% CPI.
AsmtYear | % Usedfor PTELL | Tax LevyYear | Year TaxesPaid |
2019 | 1.9 | 2019 | 2020 |
2018 | 2.1 | 2018 | 2019 |
2017 | 2.1 | 2017 | 2018 |
2016 | .7 | 2016 | 2017 |
2015 | .8 | 2015 | 2016 |
2014 | 1.5 | 2014 | 2015 |
2013 | 1.7 | 2013 | 2014 |
2012 | 3.0 | 2012 | 2013 |
2011 | 1.5 | 2011 | 2012 |
2010 | 2.7 | 2010 | 2011 |
2009 | .1 | 2009 | 2010 |
2008 | 4.1 | 2008 | 2009 |
2007 | 2.5 | 2007 | 2008 |
2006 | 3.4 | 2006 | 2007 |
2005 | 3.3 | 2005 | 2006 |
2004 | 1.9 | 2004 | 2005 |
2003 | 2.4 | 2003 | 2004 |
2002 | 1.6 | 2002 | 2003 |
2001 | 3.4 | 2001 | 2002 |
2000 | 2.7 | 2000 | 2001 |
1999 | 1.6 | 1999 | 2000 |
1998 | 1.7 | 1998 | 1999 |
1997 | 3.3 | 1997 | 1998 |
1996 | 2.5 | 1996 | 1997 |