Property Tax Breakdown

Property Tax Breakdown 2016 – Payable 2017

The Tax Formula – How It is Determined

The Assessor is mandated by the State of Illinois to assess your property at 1/3 of its fair market value.  This assessed amount, minus any applicable exemptions, is then used to determine the total property tax for a property.

The total tax rate is the sum of the individual tax rates for the local taxing bodies in your area.  These include your school district, park district, city and or county, etc.  These taxing bodies use property tax revenues to pay for the services they provide in their districts.  Local public school districts typically receive the largest portion of your property tax dollars.  (See List Below)

Make your thoughts and feelings known regarding local property tax rates and how your tax dollars are being spent.  Attend meetings held by the local taxing districts to voice your opinion or call them at the numbers provided below and let the local officials know how you feel.

This example is for property owners in Belvidere Township within the City of Belvidere tax district 05005

























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