The Tax Formula – How It is Determined
The Assessor is required by State of Illinois statute to assess your property at one-third of its fair market value. The assessed amount is then used to determine the total property tax for a property.
Your tax rate is determined by the local taxing bodies in your area. These include your school district, park district, township, township roads and bridges and others (see the list below). These taxing bodies use property tax revenues to pay for the services they provide to the residents in their district.
Make your feelings known regarding your thoughts on tax rates and how your tax dollars are being spent. Attend meetings held by the local taxing districts and let local officials know how you feel.
| Taxing District | Tax Rate | Phone Number |
|---|---|---|
| District 100 Schools | 4.59702 | 815-544-0301 |
| City of Belvidere | 1.07045 | 815-544-2612 |
| Boone County | 0.78978 | 815-547-4770 |
| Rock Valley College | 0.45575 | 815-921-7821 |
| Belvidere Park District | 0.44454 | 815-547-5711 |
| Belvidere Township Roads* | 0.27336 | 815-544-2029 |
| Belvidere Township | 0.20055 | 815-544-2027 |
| Ida Library | 0.16019 | 815-544-3838 |
| Boone County Conservation | 0.08655 | 815-547-7935 |
| Boone County Historical Museum | 0.01938 | 815-544-8391 |
Total Tax Rate |
8.09757 |
*50% payed to the City of Belvidere
The above example is for the property owners of Belvidere Township in the City of Belvidere tax district 05005
