Will Lower Assessments Lead to Lower Taxes?

The Illinois real estate assessment system bases one’s share of the total bill on the value of one’s property (unless one has farm land). A short history of how we got where we are. The 1870 Constitution required that real … Continue reading

Algonquin Township Assessments Get Negative Multiplier of 4.22%

Real estate assessments on property in Algonquin Township will be decreased by 4.22% as a result of the McHenry County Supervisor of Assessments having applied what is called a “negative multiplier.” That does not mean tax bills will decrease. That’s … Continue reading