PTELL-RATE INCREASES

Amends the Property Tax Code. In a Section concerning rate limit referenda, requires that the ballot have printed thereon, but not as part of the proposition submitted, an estimate of the approximate amount to be levied upon a residence in the taxing district with a market value of $100,000 under the current rate and under the proposed rate. In a Section concerning the rate increase or decrease factor, deletes a provision that rate increases may be applied beyond the current levy year. Effective immediately.