The Village of Oak Park | 123 Madison St.  Oak Park, IL 60302 | village@oak-park.us

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Truth in Taxation

The Truth in Taxation law establishes procedures taxing districts must follow in the adoption of their property tax levies; see 35 ILCS 200/18-55 through 35 ILCS 200/18-100. The Truth in Taxation law requires a taxing district to compare the amount of its proposed aggregate property tax levy, to the amount of taxes extended for the district in the prior year. A notice must be published in a newspaper and a public hearing must be held, if the proposed aggregate tax levy is more than 5% greater then the previous year’s tax extension. 

NOTICE OF PUBLIC HEARING - VILLAGE OF OAK PARK