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
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
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
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
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
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
Crain’s Chicago Business is reporting the sale of a home in Hartland Township for “almost $4.9 million.” Marked down from an original asking price of $7.5 million in 2012. This year’s property tax bill is $31,837.06. The Hartland Township Assessor set … Continue reading
Dundee Township Assessor Michael Bielak has an Algonquin address for his Political Action Committee. During the first three months of 2015, there was no activity. He has $165.43 in the checking account. … Continue reading
From Lakewood Village Trustee Paul Serwatka: Town Hall Meeting with Grafton Township Tax Assessor As promised, on Wednesday, June 10th at 7 pm, I will be hosting our very first “WE ARE LAKEWOOD” informational Town hall meeting. Grab your property … Continue reading
The Lakewood Village Trustees elected last month were sworn in Tuesday night. Re-elected were Carl Davis and Ken Santowski. They were joined by newcomer Paul Serwatka, who got more votes than any other candidate and did so without having his … Continue reading
Back in the 1970’s, Algonquin Township Assessor Forrest Hare computerized his office, probably the first to do so in the State of Illinois. He also took an interest in how assessment could be made more accurate. Hare looked at measures … Continue reading
