Property taxes can often be a bit overwhelming for property owners. Here we hope to provide you with the information necessary to better understand how the bottom line is arrived at and who to contact with your questions.
Property taxes in the State of Illinois are collected a year in arrears. For example, taxes for the 2018 tax year are billed and payable in 2019. The tax amount paid in 2019 is based on the property value and the tax exemptions for the owner of the property on January 1, 2018.
Below you will find information to better help you in understanding the tax cycle, the information shown on your tax bill, where your taxes go and how the tax amount is calculated.
Sample Tax Bill (waiting for new bill to attach)