The no-new-revenue tax rate is the tax rate for the 2023 tax year that will raise the same amount of property tax revenue for the City of Hilshire Village from the same properties in both the 2022 tax year and the 2023 tax year. The voter-approval tax rate is the highest tax rate that the City of Hilshire Village may adopt without holding an election to seek voter approval of the rate.The proposed tax rate is greater than the no-new-revenue tax rate. This means that the City of Hilshire Village is proposing to increase property taxes for the 2023 tax year.