The Illinois State Revenue Department has release its comparison of 2016 assessments to 2017 property sales prices.
These are called “sales ratio” studies and have being going on since at least the 1930’s.
Here are the results:
The Revenue calls these percentaages “Coefficients of Dispersion.”
Put in English, they are equivalent to margins of error in survey research.
Before rapacious state and local politicians raise the sales tax above 5%, I would give the following analogy to what a 20% margin of error meant.
If three people bought items worth $100 in a store, a margin of error of 20% would mean each was as likely to pay
- $4 in sales tax, as
- $5 in sales tax, as
- $6 in sales tax
Hebron with a margin of error of 34%, Chemung with one of almost 21% and Maretesngo with 19.4%.are as inequitable as in the sales tax comparison.
Then comes McHenry Township, with its Assessor Mary Mahady running for State Senate using the argument that she knows how to fix the property tax.
On her web site, Mahady states,
“Property tax laws need to be reviewed and action taken to make sure the system is more equitable across the board.”
A cynic might suggest something like the saying, “Physician, heal thyself,” might apply.
The most accurate Township Assessor in McHenry County continues to be Grafton Township Assessor Al Zielinski.