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Tax Impact Calculator
Tax Impact Calculator
Sample Tax Bill
^Click Tab to See Sample Tax Bill^
Lockport THSD 205
Estimate of Tax Payment Increase on
Building Bonds Referendum
Enter the "Fair Cash Value" from your 2022 property tax bill:
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Are you eligible for a Homestead Exemption?
Yes
No
Are you eligible for an additional Disabled Person's Exemption?
Yes
No
Are you eligible for an additional Returning Veterans' Homestead Exemption?
Yes
No
Are you eligible for an additional Senior Citizen Exemption?
Yes
No
Est. 2023 Property Value
Total Assessed Value (33.3%) Estimated
State Equalization Multiplier
Homestead Exemption (See Note)
Returning Veterans’ Homestead Exemption
Disabled Person's Exemption
Sr. Citizen Exemption (See Note)
Net Equalized Assessed Value
Estimated Annual Tax Payment Increase on Proposed Bonds for Taxes Paid in 2025
Estimated Monthly Tax Payment Increase on Proposed Bonds for Taxes Paid in 2025
Note: The calculator is intended to estimate the building bond portion of the Lockport THSD 205 tax bill. It does not include property taxes paid for other District purposes and to other governments (e.g. village,
park district, county, forest preserve, etc.). Actual tax rates and payments may vary based on District-wide EAV growth, individual homeowner reassessment, State Law changes, property tax rate initiatives and other factors. The homeowner's exemption and senior citizen exemption each increase to $8,000 beginning with levy year 2023 for taxes collected in 2024.
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