What tax exemptions are there?

You should always check your tax bill to make sure all exemptions you qualify for are applied to it. Call the Supervisor of Assessments office immediately if you are missing one you may qualify for. A person or married couples living together are only allowed one property with homestead exemptions on it throughout the United States. (35 ILCS 200/15-175) General Homestead Exemption (GHE) This annual exemption is available for residential property that is occupied by its owner or owners as his or their principal dwelling place, or that is a leasehold interest on which a single family residence is situated, [...]

What tax exemptions are there?2023-02-07T15:34:09-06:00

Why has my real estate property assessment changed?

By law, each property, other than farmland, must be viewed, inspected, and revalued once every four years (excluding Cook County). Farmland is reassessed each year. Between these general assessments, assessors may revalue property if its value is incorrect. A county board may, by resolution, divide the county into four assessment districts. In these counties, one district is reassessed each year on a rotating basis. The schedule for Macon County is below. In general assessment years, a list of all property assessments must be printed in a public newspaper published in the county. In Macon County, every year is a general [...]

Why has my real estate property assessment changed?2021-04-28T13:13:08-05:00

What is the Equalization Factor/Multiplier?

Illinois statutes require that the assessed value of non-farm property equal 33 1/3 percent of its market value (except for Cook County). However, assessment levels may vary from the statutory 33 1/3 percent within an assessment jurisdiction, between assessment jurisdictions, within a county, and between counties. These differences occur for several reasons including the large number of local assessing officials who have different opinions about value, and the inherent difficulties of the assessment process (e.g., pressures to keep assessments low, lack of time and resources to do a thorough job, ministerial errors, outdated valuations, and changes in economic conditions). Assessment [...]

What is the Equalization Factor/Multiplier?2021-01-17T14:25:03-06:00

How Do I Appeal My Property Assessment?

How Do I know what my assessment is? The assessments can be found: On the Macon County website; On the assessment notices that are mailed out if there is a change in the property and/or if it is the general reassessment year for the township; Published in the local paper if there is a change in the property and/or if it is the townships general reassessment year; On the tax bill; and The most recent is available by calling the Supervisor of Assessments office. How do I file an appeal? You have 30 days from the publication date to file [...]

How Do I Appeal My Property Assessment?2021-01-17T14:23:21-06:00
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