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Current as of January 01, 2025 | Updated by Findlaw Staff
§ 11-7-1. The corporate authorities of any city or village containing less than 500,000 inhabitants may levy, annually, a tax not to exceed .075% of the value, as equalized or assessed by the Department of Revenue, of all taxable property therein, to provide revenue for the purpose of fire protection in the municipality. However, municipalities authorized to levy this tax on July 1, 1967 shall have a rate limit of .15%, or the limit in effect on July 31, 1969, whichever is greater. This tax shall be in addition to and in excess of all taxes authorized by law to be levied and collected in that municipality and shall be in addition to and in excess of the amount authorized to be levied for general purposes as provided by Section 8-3-1.
Cite this article: FindLaw.com - Illinois Statutes Chapter 65. Municipalities § 5/11-7-1. Amount - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-65-municipalities/il-st-sect-65-5-11-7-1/
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