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% of what property would sell for.
Richmond’s number is 31.27%.
Looking at how uniform property is assessed–the most important measure–finds Richmond real estate’s margin of error (Coefficient of Dispersion) at 16.04%.