Coles County is a PTELL County, which limits how much taxing bodies can increase property taxes. Does this cap apply to the wind farm?
No, the tax cap does not apply to any new construction in the county. This means that taxing bodies like school districts, the county, townships, and more will receive the full tax revenue from the project, over $2.7 million annually.
For more information on PTELL, see the Illinois Department of Revenue's FAQ:
Was this helpful?
Showing 1 reaction