One of the functions of townships in Illinois is the assessment of real property for local taxation. The Township Assessor is required by law to uniformly assess properties at a median level of 33 1/3% (one third) of market value.
Equitable assessments ensure a fair distribution of the property tax burden among all property owners. Local property taxes pay for such services as schools, villages, libraries, park districts, and fire protection districts.
The Assessor's staff maintains a file for every property located within the township. This file includes the lot size, building sketch if the property is improved, and descriptions of the improvements. When buildings are constructed, the assessor's staff gathers information from blueprints and through field inspections of each property. Changes to properties are monitored through building permits, sales listing information, and neighborhood inspections.
The Assessor's property files are a valuable resource to appraisers, realtors and to homeowners who want to compare their properties to similar properties to verify assessment uniformity.
Read the latest notes from Assessor Michael Musson (from the bi-monthly Senior Center newsletter).