A commenter points out In 2007 Mahady paid $2,828.64 in property tax. Ten years later in 2017 Mahady paid $2,819.68 in taxes which is an increase of $8.96, less than a dollar a year increase. Is that the kind of … Continue reading
Category Archives: Assessments
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 … Continue reading
The following information was compiled from 2017 reports to the Illinois State Comptroller by a Friend of McHenry County Blog. … Continue reading
Read an article in the Chicago Sun-Times today in which Cook County Board President Toni Preckwinkle says she is still supporting Cook County Democratic Party Chairman Joe Berrios for re-election as County Assessor. Two studies by academics have shown that … Continue reading
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
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 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 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
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 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
Burton Township assessments are a bit lower than the 33.3% three-year average mandated by the state law I apologize for helping craft. (I wanted to make it a one-year average so people could understand the process better, but the Illinois … Continue reading
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
Coral Township assessments came in at a median three-year average of 32.3%. That’s not quite at the level required by state law–33.3%–but closer than many McHenry County Townships. Its margin of error , technically called the “Coefficient of Dispersion,” is … Continue reading
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
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
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
Someone calling himself “Robert Williams” wrote the following in a comment, which I think deserves a reply: When someone like Cal Skinner starts rambling about property taxes and assessments, I like to check his “facts” with my Township Assessor. My … Continue reading
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
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
The Chicago Tribune has the best article I have ever read on real estate tax assessments. Written by Jason Grotto with help from John Chase and David Kidwell, it proves the utter lack of assessment uniformity among homeowners in Cook County. … Continue reading