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The proposed property tax levy and projected assessed value would yield an estimated <br /> property tax rate of$1.5248380 per$100 of assessed value. This would represent a slight <br /> increase in the property tax rate versus the prior year property tax rate of$1.5091001 per <br /> $100 of assessed value. <br /> Of note, as the tax levy presented for approval defines the dollars to be raised in property <br /> tax revenue, the final property tax rate will be dependent upon the final assessed value, <br /> which is not yet determined. The final assessed value will be determined upon completion <br /> of the Macon County Assessor's valuation process,and approval/certification by the State <br /> of Illinois. <br /> This tax levy and tax abatements will be used by Macon County Officials to calculate the <br /> tax extensions to appear on property tax bills issued to property owners in calendar year <br /> 2024 for property tax due in calendar year 2025. <br />