Nunda Township Assessments – Level and Uniformity

Nunda Township assessments three-year median average for 2017 is 31.8%. Because that is lower than the 33.3% that state law mandates, McHenry County will increase each parcel’s assessment with what is commonly called a “township multiplier.” The level of uniformity … Continue reading

2017 Richmond Township Assessment “Report Card”

As with all others in McHenry County the Richmond Township Assessor turned in assessments that will have to be raised by County government to the state-mandated percentage of fair market value. The mandate is that property be assessed at 33.3% … Continue reading

McHenry Township Assessor Mary Mahady’s Margin of Error Is 19.21%

McHenry Township Assessor has turned in her fourth year of real estate assessments and they show a margin of error of 19.21%. The margin of error, called the “Coefficient of Dispersion” by the Illinois Department of Revenue, measures how uniform … Continue reading

Marengo Township Assessments for Next Spring’s Real Estate Tax Bills

Marengo Township has a three-year median average assessment of 31.14%. That means that property owners will receive an increase via what is commonly called a “township multiplier.” Actually, the increase is imposed by County government. It is uniformly applied to … Continue reading

The State of Assessments in Greenwood Township

Moving through McHenry County township assessment alphabetically brings us to Greenwood Township. Northern Woodstock, western Wonder Lake and points between, including the Courthouse, lie in Greenwood Township. Assessments made in 2017 for which property tax bills will come this spring … Continue reading

Dorr Township Assessment Results

Dorr Township assessments are, on a three-year average–30.86%. Since state law mandates assessments be at 33.3% of a three-year average, local residents can expect their assessments to be increase by County government by approximately 8%. The margin of error, called … Continue reading

Chemung Township Assessment Level and Uniformity Measurement

Because the average median assessment over a three-year period is 31.36% of fair market value, those living in that township (the Harvard area) can expect their assessment to be increase to the state-mandated level of 33.3%. The measure of uniformity … Continue reading

Flooding Brings Possibility of Real Estate Assessment Relief

Take a look at the following part of the Illinois Revenue Act concerning natural disasters: (35 ILCS 200/13-5) Sec. 13-5. Reassessment in disaster areas. In every county which has been declared a major disaster area by the President of the … Continue reading

County Puts 5.18% Multiplier on Grafton Township Increasing Real Estate Assessments

The McHenry County Supervisor of Assessments has imposed slightly more than a five percent across the board increase on Grafton Township real estate assessments. This is the second year the County has thought real estate prices in Grafton Township have … Continue reading

Tribune Assessment Article Features 2% Effective Tax Rate for Overtaxed Chicago Homeowner

I was reading the second of the Chicago Tribune’s article on real estate assessments in Cook County and was struck be the following paragraph: In the end, the property taxes she paid that year represented more than 2 percent of … Continue reading

Former Nunda Township Supervisor John Heisler Explains “Coefficient of Dispersion”

Reader Susan Handelsman found this explanation on Nunda Township web site.  Assessor Mark Dzemske informs me it was written in 2001 by former Supervisor John Heisler. This is good explanation from Nunda Township Assessment website: Coefficient of Dispersion . . … Continue reading

Looking at Assessments in McHenry County

The Chicago Tribune article on assessments has a comment on what constitute acceptable real estate assessment quality. It states that a 15% margin of error is “the highest acceptable coefficient of dispersion (margin of error).” Accuracy in your township Experts … Continue reading

Realtor Terry Pounds Comments Negatively on McHenry Township Assessments

Realtor Terry Pounds offered the following commentary on a property tax relief bill that State Rep. David McSweeney has introduced Saturday: House Bill 358 permanently freezes property tax rates in Illinois for all units of government beginning in tax year … Continue reading

Assessment Quality in McHenry County After the Last Township Election

Every so often, it seems useful to share measurements of assessment quality among McHenry County Townships. These are basically measures of the work of township assessors, although the quality of their work can be increased or decreased by changes made … Continue reading

County Releases Assessment Quality Statistics

Assessors use something called a “Coefficient of Dispersion” to measure the quality of assessments. It’s something like the margin of error used in political polls. The McHenry County Supervisor of Assessments has provided the following data from 2015.  This is … Continue reading