It’s quadrennial re-ssessment year in McHenry County.
All properties are supposed to be reassessed.
Some Township Assessors do a better job withm keeping up with the rising market than others.
In townships where assessors do not increase assessments of properties whose value has risen, the Supervisor of Assessments applies what is called a “township multiplier” (not the technical term), which increases all property tax assessments by a uniform amount.
If tax districts don’t increase their demands on taxpayers, people end up paying about the same amount because tax rates decrease to compensate for the higher assessments.
The township multipliers can be seen below listed from lowest overall mandated increase by the county to highest:
- Chemung – 1.0
- Dunham – 1.0
- Riley – 1.0
- Grafton – 1.01
- Alden – 1.0183
- Hebron – 1.0274
- Hartland – 1.029
- Burton – 1.0319
- Seneca – 1.039
- Richmond – 1.0431
- McHenry – 1.0475
- Coral – 1.0478
- Dorr – 1.0641
- Nunda – 1.0646
- Greenwood – 1.0659
- Marengo – 1.0676
- Algonquin – 1.0825
My taxes in Greenwood Township are going up 78% FROM LAST YEAR, with zero home-improvements.
My Mom’s house in McHenry Township went up 109%.
Something is seriously wrong with these assessors.
A……. GREED ! call hand out rebates then take it back 10 fold +
My assessed valuation went up 36% last year in Nunda.
And I had no improvements.
When I called the Assessor, he laughed and said ‘blame it on the schools, they’re the big tax pigs.’