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 December 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.

Asmt Year % Used for PTELL Tax Levy Year Year Taxes Paid
2021 1.4 2021 2022
2020 2.3 2020 2021
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
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