Town of Lyle 2022 Annual Disclosure

Published 10:55 am Wednesday, August 16, 2023

Town of Lyle
2022 Annual Disclosure Statement
The following information represents the annual disclosure of tax increments districts for the year ended December 31, 2022.

*The fiscal disparities property tax law provides that the growth in commercial-industrial property tax values is shared throughout the area. In a tax increment financing district, this value sharing can either result in a decrease in tax increment financing district revenue or a tax increase for other properties in the municipality depending on whether the tax increment financing district contributes its share of the growth. Amounts displayed here indicate that the district did not contribute its growth in commercial- industrial property tax values and represent the resulting increase in taxes on other properties in the City for taxes payable in 2022.

The following information represents the annual disclosure of tax increments districts for the year ended December 31, 2022.

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* The fiscal disparities property tax law provides that the growth in commercial-industrial property tax values is shared throughout the area. In a tax increment financing district, this value sharing can either result in a decrease in tax increment financing district revenue or a tax increase for other properties in the municipality depending on whether the tax increment financing district contributes its share of the growth. Amounts displayed here indicate that the district did not contribute its growth in commercial- industrial property tax values and represent the resulting increase in taxes on other properties in the City for taxes payable in 2022.

Additional information regarding the district may be obtined from::