1981-47 RESOLUTION NO. 81 - 41
A RESOLUTION REQUESTING THE ILLINOIS DEPARTMENT OF
REVENUE TO PERFORM AN ASSESSMENT RATIO STUDY IN THE
VILLAGE OF BUFFALO GROVE
WHEREAS, Article IX, Section 7 of the Illinois Constitution of
1970 provides by law for a fair apportionment of the burden of taxation
of property situated in taxing districts that lie in more than one county;
and
WHEREAS, the Village of Buffalo Grove is concerned about the fair
apportionment of tax burden relative to tax collection within the Village;
and
WHEREAS, the Village of Buffalo Grove as a taxing district overlaps
county boundaries of both Cook and Lake Counties; and
WHEREAS, under the provisions of Chapter 120, Section 645a of the
Illinois Revised Statutes, the Illinois Department of Revenue will cause
an assessment ratio study to be performed for the purpose of determining
a fair apportionment of tax burden of property situated in more than one
county.
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES , ILLINOIS THAT:
1 . The President and Board of Trustees of the Village of Buffalo
Grove, an overlapping tax district, hereby requests the Illinois Department
of Revenue to initiate an assessment ratio study for the Village for the
fair apportionment of tax burden within the Village.
2. That this assessment ratio study should be conducted pursuant
to Chapter 120, Section 645a for calendar 1982 for subsequent apportionment
of the Village's 1982 property tax levy.
3. That if the Village after further analysis deems the study
unnecessary, resolution of objection may be submitted to the Department
of Revenue by October 1 , 1982, and the Department shall not apportion the
tax burden.
AYES: 4 - Marienthal , O'Reilly, Hartstein , President Clayton
NAYES: 0 - None
ABSENT: 3 - Stone, Gerschefske, Schwartz
PASSED: October 19 , 1981 .
APPROVED: October 19 , 1981 .
Village President 4
ATTEST:
-y 1
_
illage Clerk
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