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

Lake County Township Assessors Sue Supervisor of Assessments

A press release from several Lake County Township Assessors: Several elected township assessors and taxpayers file federal lawsuit against Lake County, Martin Paulson, the Lake County Chief County Assessment Officer and the Lake County Board of Review CHICAGO, IL. – Five elected … Continue reading

Will Higher Assessments Lead to Higher Taxes?

Real estate assessments are being hiked by 8% in a lot of townships. That has to be scaring people who don’t understand the property tax system. There are two parts to the tax bill: the assessment the tax rate On … Continue reading

Village of Union Doesn’t Understand Tax Cap

Under the Property Tax Cap, a non-Home Rule Unit (think municipalities over 25,000 people like Chicago, Crystal Lake and McHenry, plus municipalities who have approved Home Rule by referendum vote lie Barrington Hills) may not raise its tax levy by … Continue reading

Local School Finances – How to Probe

Crack researcher Susan Handelsmann of rural Woodstock has put together a “how to” piece about figuring out what your school board has done with school finances. It is presented below for McHenry Grade School District 15, but can be adapted … Continue reading

Grafton Township Assessor Al Zielinski Not Happy with Supervisor of Assessments

An email from Grafton Township Assessor Al Zielinski: Appealing your 2014 taxes and your 2015 assessments Personally and via my presentations, I’ve explained and cautioned about the assessment games played at the county level. However, I never imagined to what … Continue reading