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

McHenry County Multiplier Increases Assessments 1.0243 for This Year’s Tax Bills, $1 Billion Assessment Loss Sends Tax Rates Soaring

Taxpayers may be making more of a fuss this year than previously. Maybe not. Tax districts are getting less than 2% more this year, when the Property Tax Cap allowed them to get 3%. So, some tax districts showed restraint … Continue reading