CCSD #46 Tax Calculator
This calculator is intended to be a close approximation only. It is not intended to provide you the exact totals you will receive on your tax bill from the county. Amounts are rounded which will cause minor differences.
If you do not know your asssessment or market value, you can look it up at the
Lake County Property Tax Assessment Information webpage.

Market Formula: Assessed Value = Market Value * 0.3333
Assessment Formula: Round( (Assessed Value - $5000) * PTAX Rate Percentage )
$5000 is the standard Lake County Homestead. I am not including any Senior Exemptions.

Market Value:
Assessed Value:
Tax Year 2003 Tax Year 2004 Tax Year 2005
PTAX Fund 1Rate Tax
Amount		 2Rate
If Fail		 Tax
Amount		 3Year 1
Rate		 Tax
Amount		 4Year 2
Rate		 Tax
Amount
Education 2.412 2.370 2.975 3.455
Bonds 0.506 0.497 0.497 0.497
Operations 0.500 0.500 0.500 0.500
IMRF 0.011 0.037 0.037 0.037
Transportation 0.120 0.120 0.120 0.120
Working Cash 0.030 0.045 0.045 0.045
Special Ed 0.011 0.013 0.013 0.013
Tort 0.011 0.023 0.023 0.023
Social Security 0.011 0.037 0.037 0.037
SEDOL IMRF 0.008 0.009 0.009 0.009
Total 3.620 3.651 4.256 4.736
Your Additional Tax Cost *0.031 **0.605 ***0.480
Total New Taxes:

Rate Increase Highlights

Increase YearDistrict RequestActual/Projected
10.890.605
420.480.480
Total1.371.022

*Notice that the District gets an increase even if the referendum fails.
**Max tax cap RIF is 0.89. Each taxpayer is saved from the full 0.89 increase by the property increase values in the past year.
***Max levy available by the tax cap RIF in year 2.
****Every taxpayer gets an increase of 1.022 if the District does as promises and makes the increases over 2 years. The second year rate you pay can reduce slightly due to property value increases and the tax cap.
These are only the estimates for the CCSD#46 portion of your property taxes. The other portions of your taxes could also increase as well due to property value increases.

Sources

12003 PTAX 253 Report School District #46 from Lake County Clerk
22004 Calculated Rates from Lake County Clerks Office if the Referendum Fails.
32004 Calculated Rates from Lake County Clerks Office if the Referendum Pass and District uses chooses to levy and use all available by the tax cap as reflective of the RIF (Rate Increase Factor)
4Estimated Rates if Referendum Passes and District uses all available by Tax Cap in year 2