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Notice of the 2024-2025 Levy Proposal

The 2024-2025 Levy Proposal has been approved by the Board of Commissioners to publish the proposal
in the Northwest Herald.

“Under The Property Tax Extension Limitation Law (PTELL), the District can only receive additional taxes
from what was levied the previous year in the amount of inflation or 5% whichever is less, PLUS taxes on
all new property. The inflation rate allowed for this year’s levy is 3.4%. This is the additional amount
asked from existing property owners. The amount of new property in the District is not known until late
spring of next year and in order for the district to capture all of the new dollars we can receive from this
new property, we need to overestimate the amount. That is the reason we are asking a high amount.”

Hampshire Township Park District

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