Property Tax 101. Understanding the Property Assessment and Tax Process

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Property Tax 101. Understanding the Property Assessment and Tax Process"

Transcription

1 Property Tax 101 Understanding the Property Assessment and Tax Process July 31, 2014 Presented by Senator Christine Radogno 41 st District Representative Jim Durkin 82 nd District Representative Ron Sandack 81 st District

2 Ground Rules Please hold questions until the end. We will open up for Question and Answer time at the end of the presentation. We can discuss assessments and taxes in general, but we may be unable to answer questions about any individual parcel in this format. We will also be available to stay after for any questions we may not be able to answer in the allotted time we have for the presentation.

3 The Tax Cycle In DuPage County: State Legislature makes the laws; Each Taxing Body sets its own levy; Township Assessors develop values; County Supervisor of Assessments equalizes values; County Board of Review hears and acts on assessment complaints; County Clerk receives and revises tax levies, and develops tax rates; and County Treasurer sends out the bills.

4 Limits on Tax Levies Tax levies are limited by: Limiting Rates (not applicable to all levies) The Property Tax Extension Limitation Law (PTELL) New Construction The voters, through referendum

5 Property Tax Extension Limitation Act 1991 TAX CAP LAW Limits increases in funds for Districts from year to year to 5% or the Consumer Price Index (CPI) whichever is lower, regardless of changes in assessments

6 PTELL Background Tax (Extension) Cap Created to prevent taxing bodies from balloon levying Does not restrict individual tax bill changes Enacted 10/01/1991 for Collar Counties Expanded to Cook County on 02/12/1995 May be adopted by referendum in other counties Prior to PTELL: Average annual tax bill increase in DuPage County was +13.6% (1985 to 1990 Tax Years) After PTELL: Average annual tax bill increase in DuPage County has been +4.9% (1991 to 2010 Tax Years)

7 Districts Restricted by Property Tax Extension Limitation Law Typically Includes schools, Non-Home Rule Municipalities, parks, fire protection, the County, and Townships Maximum Tax Rate Set by State Law Property Tax Increase Limited by Consumer Price Index Adjustments Allowed for New Property, Annexation and Other Special Circumstances Tax Increase May Exceed PTELL Limitation or Maximum Statutory Rate with Voter Approval (Referendum) 184 Districts are Restricted by PTELL in DuPage County

8 Developing Tax Rates Tentative budget Notice & Hearing Approve Budget Tax Levies (what governments spend) Levy Notice & Hearing Certify Levy to Clerk Assessed Values (how spending is divided up)

9 3 3

10 Where do DuPage taxes go?

11 Taxing Districts in DuPage County: 1 Forest Preserve: 1 Water Commission: 1 Airport Authority: 1 Townships: 9 Township Special Police: 4 Township Mosquito: 1 Municipalities: 39 Parks: 40 Sanitary: 8 Fire Protection: 31 Mosquito: 5 Surface Water: 3 Library: 14 Street Lighting: 1 Special Service Areas: 162 Grade Schools: 30 High Schools: 8 Unit School Districts: 10 Junior Colleges: 3 Total: 372 Individual Taxing Districts in DuPage County 188 Are Exempted from Property Tax Extension Limitation Law

12 Definition: Assessed Value (35 ILCS 200/1-55) Sec /3%. One-third of the fair cash value of property, as determined by the Department's sales ratio studies for the 3 most recent years preceding the assessment year, adjusted to take into account any changes in assessment levels implemented since the data for the studies were collected. (Source: P.A ; ; )

13 1

14 Assessed Value Is an estimate of value of the property initially calculated by the local township assessor. Is based upon statistical data from neighborhood property sales and individual property characteristics of record. The assessment is required to represent one-third of the property s fair market value as measured from the three prior years sales activity. Independent from the local assessment offices, the Illinois Department of Revenue annually compiles statistics comparing actual sales and assessed values to monitor the accuracy of assessed values.

15 Assessed vs. Appraised Assessed Value is determined by Mass Appraisal Method, which assuming average condition and including sales from the prior three years. Independent Appraisal Value is for a value to date, typically only looking at sales and activity within the last six months.

16 Assessed vs. Appraised EAVs must be based on: Fair Cash Value (35 ILCS 200/1-50) Multiplied by 33.33% (except Cook County) (35 ILCS 200/9-145) As of January 1 of the assessment year (35 ILCS 200/9-95) Based on the three prior years of sales (35 ILCS 200/1-55) The Case-Schiller Index shows how 3-year means can differ from current values:

17 Case-Schiller Index (National)

18 Case-Schiller Index (National)

19 Case-Schiller Index (Chicago)

20 Case-Schiller Index (Chicago)

21 Assessment Process Assessments and Equalization ensures that the tax burden is equitably distributed across boundary lines.

22 Assessment Process Assessments and Equalization ensures that the tax burden is equitably distributed across boundary lines. Exemptions and Preferential Assessments shift the tax burden from certain properties to other properties.

23 2014 Homestead Exemptions General ($6,000 Assessed) Owner-Occupied 272,677 granted in DuPage County Senior Citizen ($5,000 Assessed) Owner Occupant must be 65+ by December 31 55,061 granted in DuPage County

24 2014 Homestead Exemptions Senior Citizen Assessment Freeze Owner Occupant must be 65+ by December 31 and must be owner of record for the prior two years starting on January 1 st. Household income cannot exceed $55,000 Exempts any increases to assessed value over base year 5,414 granted in DuPage County Homestead Improvement (up to $25,000 Assessed/$75,000 market) 7,310 granted for a 4 year period in DuPage

25 2014 Homestead Exemptions Disabled Persons ($2,000 Assessed) Owner Occupant must have Class 2 disability 2,401 in DuPage Disabled Veterans (Up to $5,000 Assessed) Owner Occupant must be disabled veteran 566 in DuPage Returning Veterans ($5,000 Assessed) 10 in DuPage

26 Effects of Exemptions Exemptions Reduce the Total Amount of Taxable Assessed Value Exemptions Increase the Tax Rate Exemptions DO NOT Decrease the Total Amount of Real Estate Tax Collected Exemptions Shift the Tax Burden to Others As a Result, Exemptions Increase Individual Tax Amount for Others

27 2

28 How Do I Apply? Exemptions Granted Automatically by Township Assessor General (Residential): Granted based on sales data and billing information. Assuming your Township Assessor believes your home is owner occupied, a formal application is not required. Home Improvement: Granted when your assessed value increased due to a physical change to your owner occupied single family home. If you have a residential or improvement exemption question, please contact your Township Assessor.

29 How Do I Apply? Continued Exemptions Requiring a Formal Application with the Supervisor of Assessments Office: Senior Homestead: 65 years-old Senior Citizens Assessment Freeze: Household Income of $55,000 or Less Disabled Veterans (Standard): Service Related Disability (+50%) Returning Veterans : For the year you returned home from active duty and the following year Disabled Persons : Cannot Participate in any Substantial Gainful Activity These exemptions are applicable to the applicant s primary residence only, that is owned by the applicant(listed on the deed), and where the applicant is responsible for the payment of the real estate tax.

30 How Do I Appeal My Assessment? Informal Appeal: Contact your Township Assessor Timeframe: The sooner, the better (A safe bet is by June outside of Cook Co) Process: Provide documentation of concern Fair Cash Value: Sales data of subject property and/or comparable properties, appraisal Equity of Assessed Value: Analysis of subject property s assessment and comparable properties Contention of Law: Disagreement with interpretation of Property Tax Code Note: The Township Assessor is empowered to alter the assessment on your behalf without you filing a formal appeal. You do not need to hire a property tax attorney, representative, or appraiser at this point. Your elected assessor and designated their staff are there to assist in this process.

31 Grounds for Successful Assessment Appeal Overvaluation Unequal Treatment (Equity) Contention of Law My Taxes are Too High!

32 Overvaluation Assessment Appeal The assessment implies a fair cash value above the three year median estimate of market value. I recently purchased my home for $300,000, yet the assessment translates to fair cash value of $500,000. Appropriate Evidence: Sale price and terms of subject property, comparable sales, appraisal, etc.

33 Unequal Treatment (Equity) Appeal Assessed Value is not reasonable in the context of the value placed upon other similar properties. There are 10 nearly identical homes as mine within my subdivision, my house is assessed $50K more that all of the others. Appropriate Evidence: Equity comparison. Using units of comparison are helpful such as comparing the assessed value per square foot of living area of the subject and comparable homes.

34 Contention of Law Disagreement with the interpretation of a specific portion of the Property Tax Code. I own a 50 acre farm and I was denied the preferential agricultural assessment. Appropriate Evidence: Cite relevant statue and explain the applicability to the subject property.

35 How Do I Appeal My Assessment? - Continued 1 st Formal Step: County Board of Review Timeframe: As soon as the assessment is officially set by township assessor. (Townships by statute must complete their re-evaluation on or before 11/15/2014) Process: File a timely assessment appeal form including appropriate value and/or assessment documentation. Please see Board of Review Rules of procedural information. (available on

36 How Do I Appeal My Assessment? - Continued 2 nd Formal Step: Property Tax Appeal Board (PTAB) State Level Timeframe: You may appeal this decision to the PTAB by filing a petition for review within 30 days after County Board of Review notice is mailed. Process: File a timely assessment appeal form including appropriate value and/or assessment documentation. Please see Illinois Property Tax Appeal Board of procedural information. (available on

37 Assessment Appeal Track Township Assessor (Informal Not Required) County Board of Review (Formal: Administrative) Circuit or Appeal Court (Formal: Civil) Illinois Property Tax Appeal Board (Formal: Administrative) Civil Court Appeal (Formal: Civil) Administrative Review (Formal: Administrative)

38 Developing Tax Rates Tentative budget Notice & Hearing Approve Budget Tax Levies (what governments spend) Tax Rates (where they meet): (Billable EAV Tax Levy) Levy Notice & Hearing Clerk Calculates Tax Rates Certify Levy to Clerk Treasurer Sends Tax Bills Assessed Values (how spending is divided up) Township Assessor Values SOA Review/ Equalize Change Notices BOR Hearing Certify Values to Clerk

39 Individual Bill Calculation Home Value $300,000 = $100,000 Assessed Value Assessed Value $100,000 Less General Exemption -6,000 Less Senior Exemption -5,000 Total Billing Value =$ 89,000 Tax Rate X Tax Bill Total = $4,928.82

40 Tax Cap Calculation District Extension X C.P.I. (funds received) Total Assessed Value of the District New Construction = Limiting Rate Example: $26,000,000 X 3.3% $960,000,000-31,000,000 =

41 2013 Property Tax Bills In the 2013 tax year, assessed values of homes dropped by a median rate of 7.4%. However, tax bills for those same homes increased by a median rate of 0.3%. 47% of homeowners have bigger tax bills than last year, even though their assessed values were lower. Data for DuPage County 2013 taxable year

42 Whom Should I Call? Taxing Body Levies and Rates: The Individual Tax Body as listed on your property tax bill. (ex. School District, Municipality). List available online at: DuPage County Clerk (630)

43 Whom Should I Call? Assessments of Individual Properties: Your Local Assessors Office Lisle Township Assessor (630) Downers Grove Township Assessor (630) Assessment Appeals or Exemptions: DuPage County Assessment Office (630)

44 Whom Should I Call? Tax Bills: DuPage County Treasurer (630)

45 Questions and Discussion Thank You! Warren L. Dixon III, CIAO Naperville Township Assessor John Trowbridge II, CIAO Lisle Township Assessor Theresa A. Cockrell, CIAO Downers Grove Township Assessor

2011 Property Taxes Frequently Asked Questions

2011 Property Taxes Frequently Asked Questions 2011 Property Taxes Frequently Asked Questions In a collaborative effort to proactively address individuals questions about their 2011 Property Tax Bill, the Village of Huntley, Consolidated School District

More information

UNDERSTANDING PROPERTY TAXES IN COOK COUNTY

UNDERSTANDING PROPERTY TAXES IN COOK COUNTY UNDERSTANDING PROPERTY TAXES IN COOK COUNTY 1 A PERSPECTIVE COOK COUNTY NEW TRIER TOWNSHIP 2 nd Largest County in U.S. 5.3 Million People 1.8 Million Parcels 1.2 Million Residential Parcels One of Smallest

More information

YOUR PROPERTY TAXES. understanding property tax. assessments. appeal process. property taxes and schools. frequently asked questions.

YOUR PROPERTY TAXES. understanding property tax. assessments. appeal process. property taxes and schools. frequently asked questions. 2006 YOUR PROPERTY TAXES understanding property tax assessments appeal process property taxes and schools frequently asked questions relief programs legislation South Dakota Department of Revenue & Regulation

More information

The Property Tax Extension Limitation Law, A Technical Manual. Page 2

The Property Tax Extension Limitation Law, A Technical Manual. Page 2 Page 2 The Property Tax Extension Limitation Law, A Technical Manual Table of Contents Introduction Purpose... 6 Summary The PTELL does not cap individual property assessments... 7 The PTELL limits the

More information

Frequently Used Terms

Frequently Used Terms 2014 Tax Levy 1 Frequently Used Terms PTELL EAV Levy Extension Property Tax Extension Limitation Law Commonly referred to as the tax cap Limits the increase in the tax extension to the lesser of CPI or

More information

ANNUAL TAX LEVY PACKET

ANNUAL TAX LEVY PACKET ANNUAL TAX LEVY PACKET 2015 TAX YEAR OREGON PARK DISTRICT We Create Fun for a Lifetime OREGON PARK DISTRICT ANNUAL TAX LEVY PACKET FOR THE 2015 TAX YEAR CONTENTS 2015 Tax Year District Statement Section

More information

Dec. 7, Texas Comptroller of Public Accounts

Dec. 7, Texas Comptroller of Public Accounts Presentation to the Senate Select Committee on Property Tax Reform & Relief The Honorable Paul Bettencourt, Chair Overview of Property Tax System in Texas Dec. 7, 2015 Presented by: Phillip Ashley, Associate

More information

THE CITIZEN ADVOCACY CENTER S

THE CITIZEN ADVOCACY CENTER S THE CITIZEN ADVOCACY CENTER S Guide to Property Assessments and Appeals for Residential Properties in DuPage County (Issued 9/2012) The purpose of this guide is to explain the property assessment appeal

More information

OVERVIEW OF ARIZONA STATE PROPERTY TAX SYSTEM IN MARICOPA COUNTY

OVERVIEW OF ARIZONA STATE PROPERTY TAX SYSTEM IN MARICOPA COUNTY Maricopa County Department of Finance Prepared: 10/22/13 OVERVIEW OF ARIZONA STATE PROPERTY TAX SYSTEM IN MARICOPA COUNTY The following Overview of the Arizona State Property Tax System was prepared by

More information

Citizens Guide to Property Tax Bills

Citizens Guide to Property Tax Bills Citizens Guide to Property Tax Bills 1 B R I D G E T G A I N E R C O O K C O U N T Y C O M M I S S I O N E R, 1 0 TH D I S T R I C T T E L E P H O N E : ( 3 1 2 ) 6 0 3-4 2 1 0 W E B S I T E : W W W. B

More information

Administration of Arkansas Property Tax

Administration of Arkansas Property Tax FSPPC114 Administration of Arkansas Property Tax Property tax is an important source of revenue for local governments, including school districts and county and city governments. Revenue generated by the

More information

Oklahoma Ad Valorem. 1 of 14. Central Valuation by Oklahoma Tax Commission: All Public Service Corporations (multiple county impact)

Oklahoma Ad Valorem. 1 of 14. Central Valuation by Oklahoma Tax Commission: All Public Service Corporations (multiple county impact) Oklahoma Ad Valorem - Founded Before Statehood And Codified in the 1907 Populist Constitution And Current Laws - Township Assessors in 1894 - County Assessor System Set Up in 1911 - Tax Commission Oversight

More information

THE COOK COUNTY PROPERTY TAX EXTENSION PROCESS. A Primer on Levies, Tax Caps, Tax Bills and the Effects of Tax Increment Financing Districts

THE COOK COUNTY PROPERTY TAX EXTENSION PROCESS. A Primer on Levies, Tax Caps, Tax Bills and the Effects of Tax Increment Financing Districts THE COOK COUNTY PROPERTY TAX EXTENSION PROCESS A Primer on Levies, Tax Caps, Tax Bills and the Effects of Tax Increment Financing Districts Updated on September 7, 2011 ACKNOWLEDGEMENTS The Civic Federation

More information

Understanding How Changes in EAV Affect A School District's Tax Rate and Levy This presentation will explain the important relationship between

Understanding How Changes in EAV Affect A School District's Tax Rate and Levy This presentation will explain the important relationship between Understanding How Changes in EAV Affect A School District's Tax Rate and Levy This presentation will explain the important relationship between property values, property tax rates, and property taxes.

More information

ANNUAL TAX LEVY PACKET

ANNUAL TAX LEVY PACKET ANNUAL TAX LEVY PACKET OF THE OREGON PARK DISTRICT FOR THE 2013 TAX YEAR We Create Fun for a Lifetime OREGON PARK DISTRICT ANNUAL TAX LEVY PACKET FOR THE 2013 TAX YEAR CONTENTS 2012 Tax Year District Statement

More information

LEGISLATURE OF THE STATE OF IDAHO Sixty-third Legislature Second Regular Session - 2016 IN THE HOUSE OF REPRESENTATIVES HOUSE BILL NO.

LEGISLATURE OF THE STATE OF IDAHO Sixty-third Legislature Second Regular Session - 2016 IN THE HOUSE OF REPRESENTATIVES HOUSE BILL NO. LEGISLATURE OF THE STATE OF IDAHO Sixty-third Legislature Second Regular Session - 0 IN THE HOUSE OF REPRESENTATIVES HOUSE BILL NO. BY REVENUE AND TAXATION COMMITTEE 0 0 0 AN ACT RELATING TO TAXING DISTRICT

More information

Property Tax Real. hio. Taxpayer The tax is paid by all real property owners unless specifically exempt.

Property Tax Real. hio. Taxpayer The tax is paid by all real property owners unless specifically exempt. 108 Property Tax Real Taxpayer The tax is paid by all real property owners unless specifically exempt. Tax Base The tax is based on the assessed value of land and buildings. Assessed value is 35 percent

More information

Understanding Mississippi Property Taxes

Understanding Mississippi Property Taxes Understanding Mississippi Property Taxes Property tax revenues are a vital component of the budgets of Mississippi s local governments. Property tax revenues allow these governments to provide important

More information

I-E Introduction to Sales Ratio Studies

I-E Introduction to Sales Ratio Studies ILLINOIS DEPARTMENT OF REVENUE I-E Introduction to Sales Ratio Studies Level : 1 Qualifying for CIAO Category: Statistics Continuing Education PTAX-1E-PAC (R-09/14) Printed by the authority of the State

More information

What you ve always wanted to know about property / TAX ASSESSMENTS but didn t know who to ask.

What you ve always wanted to know about property / TAX ASSESSMENTS but didn t know who to ask. What you ve always wanted to know about property / TAX ASSESSMENTS but didn t know who to ask. COURTESY OF THE FAIRBANKS NORTH STAR BOROUGH: The intent of this booklet is to provide answers to frequently

More information

150-303-405 (Rev. 6-09)

150-303-405 (Rev. 6-09) A Brief History of Oregon Property Taxation 150-303-405-1 (Rev. 6-09) 150-303-405 (Rev. 6-09) To understand the current structure of Oregon s property tax system, it is helpful to view the system in a

More information

What you ve always wanted to know about Property Valuation, Assessments & Property Tax

What you ve always wanted to know about Property Valuation, Assessments & Property Tax What you ve always wanted to know about Property Valuation, Assessments & Property Tax COURTESY OF THE FNSB ASSESSORS OFFICE The intent of this booklet is to provide answers to frequently asked questions

More information

A LEGISLATIVE GUIDE TO WASHINGTON STATE PROPERTY TAXES

A LEGISLATIVE GUIDE TO WASHINGTON STATE PROPERTY TAXES A LEGISLATIVE GUIDE TO WASHINGTON STATE PROPERTY TAXES 2015 TABLE OF CONTENTS Subject Page Introduction... 1 How Much Money Does the Property Tax Generate and How is it Spent?... 2 What Property is Taxable?...

More information

Understanding Mississippi Property Taxes

Understanding Mississippi Property Taxes Understanding Mississippi Property Taxes The Mississippi Association of Supervisors with the Center for Governmental Training and Technology Mississippi Property Tax Primer Property tax revenues are a

More information

Minnetonka Independent School District 276 Levy Adoption Taxes Payable in 2012

Minnetonka Independent School District 276 Levy Adoption Taxes Payable in 2012 Minnetonka Independent School District 276 Levy Adoption Taxes Payable in 2012 Public Schools Established by Minnesota Constitution ARTICLE XIII MISCELLANEOUS SUBJECTS Section 1. UNIFORM SYSTEM OF PUBLIC

More information

Kent County Levy Court Assessment Division 555 Bay Road, Dover, DE 19901 302 744 2401 / Fax: 302 736-2271 Office Hours: 8:00am-5:00pm Monday-Friday

Kent County Levy Court Assessment Division 555 Bay Road, Dover, DE 19901 302 744 2401 / Fax: 302 736-2271 Office Hours: 8:00am-5:00pm Monday-Friday Frequently sked uestions: Kent County Levy Court ssessment Division 555 Bay Road, Dover, DE 19901 302 744 2401 / Fax: 302 736-2271 Office Hours: 8:00am-5:00pm Monday-Friday What are the dates of the tax

More information

Answers To Commonly Asked Questions

Answers To Commonly Asked Questions Answers To Commonly Asked Questions What is a re-assessment and how will it affect my association? Property in Cook County is re-assessed once every three years. Your assessment determines the real estate

More information

TAX OBJECTION COMPLAINT PACKET

TAX OBJECTION COMPLAINT PACKET TAX OBJECTION COMPLAINT PACKET TAX OBJECTION COMPLAINT REQUIREMENTS THAT NEED TO BE MET BEFORE A TAX OBJECTION CAN BE FILED. 1. If a person desires to file a Tax Objection Complaint he/she shall pay all

More information

The Illinois Property Tax System

The Illinois Property Tax System Illinois Department of Revenue The Illinois Property Tax System A general guide to the local property tax cycle Illinois Department of Revenue property tax administration responsibilities The Department

More information

Property FAQs. Where do I pay my property tax? Generally speaking, property taxes are paid to local Tax Collectors where the property is located.

Property FAQs. Where do I pay my property tax? Generally speaking, property taxes are paid to local Tax Collectors where the property is located. The following is intended to provide general information concerning a frequently asked question about taxes administered by the Mississippi Tax Commission. It is an informal interpretation of the tax law

More information

A S S E S S M E N T F. A. Q. S

A S S E S S M E N T F. A. Q. S A S S E S S M E N T F. A. Q. S FREQUENTLY ASKED QUESTIONS What is the difference between the Assessed Value & Taxable Value of my home? Assessed Value is defined by state law as 50% of the market value

More information

GFOA NYS UNDERSTANDING THE NEW REAL PROPERTY TAX LEVY CAP. New York State Government Finance Officers' Association, Inc.

GFOA NYS UNDERSTANDING THE NEW REAL PROPERTY TAX LEVY CAP. New York State Government Finance Officers' Association, Inc. UNDERSTANDING THE NEW REAL PROPERTY TAX LEVY CAP (How the Real Property Tax Levy Percentage Cap and the Real Property Tax Rate Differ) It seems everywhere you turn people are talking about the Tax Cap.

More information

Assessor Ken Yazel. Ad Valorem Property Taxes In Tulsa County, OK. Prepared by the Tulsa County Assessor s Office

Assessor Ken Yazel. Ad Valorem Property Taxes In Tulsa County, OK. Prepared by the Tulsa County Assessor s Office Assessor Ken Yazel Ad Valorem Property Taxes In Tulsa County, OK Prepared by the Tulsa County Assessor s Office Tulsa County Assessor s Office Our Commitment Ken Yazel, Assessor The Tulsa County Assessor

More information

CHALLENGES TO PROPERTY ASSESSMENTS. By Larry Edson Assistant Superintendent for School Business Finance East Greenbush Central School District

CHALLENGES TO PROPERTY ASSESSMENTS. By Larry Edson Assistant Superintendent for School Business Finance East Greenbush Central School District CHALLENGES TO PROPERTY ASSESSMENTS By Larry Edson Assistant Superintendent for School Business Finance East Greenbush Central School District 1 Agenda Responsibilities in Taxing Process What to do Before

More information

Kane County Quick Guide to Property Taxes

Kane County Quick Guide to Property Taxes Kane County Quick Guide to Property Taxes Prepared by the of ices of: Mark D. Armstrong, CIAO Kane County Supervisor of Assessments KaneCountyAssessments.org John A. Cunningham, Esq. Kane County Clerk

More information

Yavapai County Assessor s Office. Valuing People and Property.

Yavapai County Assessor s Office. Valuing People and Property. Yavapai County Assessor s Office www.yavapai.us Valuing People and Property. In Prescott: In Cottonwood: 1015 Fair Street 10 S 6th Street Prescott, AZ Cottonwood, AZ (928)771-3220 (928)639-8121 PAMELA

More information

CHAPTER 209 HOUSE BILL 2395 AN ACT

CHAPTER 209 HOUSE BILL 2395 AN ACT Senate Engrossed House Bill State of Arizona House of Representatives Fifty-first Legislature Second Regular Session 0 CHAPTER 0 HOUSE BILL AN ACT AMENDING SECTIONS -, -00, -00, -00 AND -00, ARIZONA REVISED

More information

RP-524. Can be downloaded from NYS website:

RP-524. Can be downloaded from NYS website: COMPLAINT ON REAL PROPERTY ASSESSMENT GUIDANCE (UNINCORPORATED TOWN OF GREENBURGH, VILLAGES OF IRVINGTON AND ARDSLEY) (Residential 1, 2, or 3 family homes) Although the assessment staff is very knowledgeable

More information

State of North Dakota Office Of State Tax Commissioner

State of North Dakota Office Of State Tax Commissioner State of North Dakota Office Of State Tax Commissioner RYAN RAUSCHENBERGER, COMMISSIONER Bismarck, North Dakota July 2015 Schedule of Levy Limitations Applicable To The Authority Of The Political Subdivisions

More information

FINAL ADMINISTRATIVE DECISION ILLINOIS PROPERTY TAX APPEAL BOARD

FINAL ADMINISTRATIVE DECISION ILLINOIS PROPERTY TAX APPEAL BOARD FINAL ADMINISTRATIVE DECISION ILLINOIS PROPERTY TAX APPEAL BOARD APPELLANT: Orlando Coryell DOCKET NO.: 11-25728.001-R-1 through 11-25728.002-R-1 PARCEL NO.: See Below The parties of record before the

More information

Property Tax Assessments

Property Tax Assessments Property Tax Assessments Harvey Camins, Moderator Norman Quinn CMI, CRE, Panel Expert Patrick Doody ESQ, Panel Expert Property Tax Assessments Harvey Camins Managing Director Means Knaus Partners Member

More information

Iowa Barn and One-Room School House Property Exemption

Iowa Barn and One-Room School House Property Exemption Search... eservices Publications Research Contacts FAQs Forms News Classes Exemptions Home Businesses Individuals Tax Professionals Local Government Property Tax Credits and Ag Land Credit Barn and One-Room

More information

PROPERTY. Prepared as a public service for residents by. C.I.A.O.\I Antioch Township Assessor www.antiochassessor.com. HEATHERKUFAlK-MAROnA,

PROPERTY. Prepared as a public service for residents by. C.I.A.O.\I Antioch Township Assessor www.antiochassessor.com. HEATHERKUFAlK-MAROnA, A TAXPAYER'S GUIDE TO PROPERTY TAX RELIEF -: Prepared as a public service for residents by C.I.A.O.\I Antioch Township Assessor www.antiochassessor.com HEATHERKUFAlK-MAROnA, P.O. Box 658 Antioch, Illinois

More information

The Assessment and Taxation Process in Illinois Frequently Asked Questions ( FAQs )

The Assessment and Taxation Process in Illinois Frequently Asked Questions ( FAQs ) The Assessment and Taxation Process in Illinois Frequently Asked Questions ( FAQs ) David C. Dunkin ARNSTEIN & LEHR LLP 120 SOUTH RIVERSIDE PLAZA SUITE 1200 CHICAGO, IL 60606 P 312.876.7190 F 312.876.7307

More information

This is a public explanation of the levy process and is based on the Oct. 9, 2014 Board of Education presentation by Tim Arnold, Superintendent

This is a public explanation of the levy process and is based on the Oct. 9, 2014 Board of Education presentation by Tim Arnold, Superintendent This is a public explanation of the levy process and is based on the Oct. 9, 2014 Board of Education presentation by Tim Arnold, Superintendent CCSD 66 Sources of Revenue 2% 19% FY 2012 79% Local Taxes

More information

APPLICATION CITY OF CHICAGO PROPERTY TAX REBATE PROGRAM

APPLICATION CITY OF CHICAGO PROPERTY TAX REBATE PROGRAM For Staff Use Only Application # Property PIN# Property Address Agency Name Processing Site Application Processor Date APPLICATION CITY OF CHICAGO PROPERTY TAX REBATE PROGRAM The City of Chicago is offering

More information

Utah Property Tax Calendar

Utah Property Tax Calendar =Utah State Tax Commission Revised 11/01/2014 Before Jan. Jan. Taxing Entities Utah Property Tax Calendar January County, city and town legislative bodies and all taxing entities are to inform of boundary

More information

Practical Guide to Illinois Property Taxes

Practical Guide to Illinois Property Taxes Practical Guide to Illinois Property Taxes 2004 Edition by Brent Bohlen published by the Taxpayers Federation of Illinois 300 West Edwards, Suite 201 Springfield, IL 62704 www.taxpayfedil.org 217.522.6818

More information

Bulletin No. 12 of 2014 Annual Calendar October 13, 2014

Bulletin No. 12 of 2014 Annual Calendar October 13, 2014 89 (Rev. 01-11) RICK SNYDER GOVERNOR STATE OF MICHIGAN DEPARTMENT OF TREASURY LANSING R. KEVIN CLINTON STATE TREASURER TO: FROM: Equalization Directors and Assessors The State Tax Commission Bulletin No.

More information

What To Do If You Disagree With Your Assessment

What To Do If You Disagree With Your Assessment What To Do If You Disagree With Your Assessment STATE OF NEW YORK David A. Paterson, Governor Lee Kyriacou, Executive Director New York State Office of Real Property Services 16 Sheridan Avenue Albany,

More information

The Illinois Property Tax System: An Overview

The Illinois Property Tax System: An Overview Loyola Consumer Law Review Volume 10 Issue 2 Article 13 1998 The Illinois Property Tax System: An Overview Nina H. Tamburo Partner, O'Keefe Ashenden Lyons & Ward, Chicago, IL Follow this and additional

More information

Bulletin No. 12 of 2015 Annual Calendar October 12, 2015

Bulletin No. 12 of 2015 Annual Calendar October 12, 2015 5102 (Rev. 04-15) RICK SNYDER GOVERNOR STATE OF MICHIGAN DEPARTMENT OF TREASURY LANSING NICK A. KHOURI STATE TREASURER TO: FROM: Equalization Directors and Assessors The State Tax Commission Bulletin No.

More information

The Property Tax in Missouri

The Property Tax in Missouri The Property Tax in Missouri This brochure is designed to give taxpayers an understanding of the way property taxes are assessed and levied in Missouri, and how they affect individual taxpayers. A separate

More information

Understanding your Tax Bill

Understanding your Tax Bill Items 1 & 2 The top of your bill contains your first and second installment coupons. The first installment is due by June 4th. You will not receive a separate bill for the second installment due September

More information

OBSOLETE PROPERTY REHABILITATION ACT Act 146 of 2000. The People of the State of Michigan enact:

OBSOLETE PROPERTY REHABILITATION ACT Act 146 of 2000. The People of the State of Michigan enact: OBSOLETE PROPERTY REHABILITATION ACT Act 146 of 2000 AN ACT to provide for the establishment of obsolete property rehabilitation districts in certain local governmental units; to provide for the exemption

More information

Overview. January, 2009

Overview. January, 2009 Information Guide January, 2009 Nebraska Homestead Exemption NOTE: Nebraska Homestead Exemption Application or Certification of Status, Form 458, is mailed to homestead exemption recipients in January,

More information

Schneck Holtzman LLC 33 Clinton Road Suite 108 West Caldwell, New Jersey Tel: (973) Fax: (973)

Schneck Holtzman LLC 33 Clinton Road Suite 108 West Caldwell, New Jersey Tel: (973) Fax: (973) Michael I. Schneck Lee S. Holtzman Michele K. Schneck Schneck Holtzman LLC 33 Clinton Road Suite 108 West Caldwell, New Jersey 07006 www.schneckholtzman.com Tel: (973) 575-1700 Fax: (973) 556-1563 Roger

More information

The Process of Taxation

The Process of Taxation The Process of Taxation The property taxes you pay fund services provided by the combination of taxing entities within the tax district you reside. Property taxes are also known as real estate taxes and

More information

Lower Your Property Taxes With Clean And Green

Lower Your Property Taxes With Clean And Green Monday, October 22, 2001 The Agricultural Law Research & Education Center Lower Your Property Taxes With Clean and Green Page 1 Lower Your Property Taxes With Clean And Green This information will be updated

More information

FINAL ADMINISTRATIVE DECISION ILLINOIS PROPERTY TAX APPEAL BOARD

FINAL ADMINISTRATIVE DECISION ILLINOIS PROPERTY TAX APPEAL BOARD FINAL ADMINISTRATIVE DECISION ILLINOIS PROPERTY TAX APPEAL BOARD APPELLANT: Cedar Pointe Rehab & Nursing Center DOCKET NO.: 10-35588.001-C-3 through 10-35588.005-C-3 PARCEL NO.: See Below The parties of

More information

CHAPTER 5 REAL ESTATE TAXES

CHAPTER 5 REAL ESTATE TAXES CHAPTER 5 REAL ESTATE TAXES I. GENERAL REAL ESTATE TAXES II. In Illinois, counties levy real estate taxes on all non-exempt real estate. These real estate taxes, known as general real estate taxes, become

More information

What if Indiana Eliminated Personal Property Taxes? Larry DeBoer Department of Agricultural Economics Purdue University. June 2014

What if Indiana Eliminated Personal Property Taxes? Larry DeBoer Department of Agricultural Economics Purdue University. June 2014 What if Indiana Eliminated Personal Property Taxes? Larry DeBoer Department of Agricultural Economics Purdue University June 2014 Economic Development, Tax Shifts and Revenue Losses Eliminating the personal

More information

Texas Property Tax System

Texas Property Tax System FAQ Texas Property Tax System What is Property Tax? Property taxes are local taxes that are assessed locally, collected locally and used locally. You pay your property taxes to the local tax collector.

More information

Legal Residence. What is the definition of Legal Residence?

Legal Residence. What is the definition of Legal Residence? Legal Residence To qualify for the special property tax assessment ratio allowed by this item, the owner-occupant must have actually owned and occupied the residence as his legal residence and been domiciled

More information

HOUSE BILL NO. HB0037. Senior citizen property tax relief program.

HOUSE BILL NO. HB0037. Senior citizen property tax relief program. 00 STATE OF WYOMING 0LSO-0 HOUSE BILL NO. HB00 Senior citizen property tax relief program. Sponsored by: Representative(s) Hammons, Bagby, Dockstader, Madden and Martin and Senator(s) Aullman, Geis and

More information

Property Assessment Seminar

Property Assessment Seminar 1 Property Assessment Seminar Bloomfield Township Property Appeals Process Understanding the assessment change notice and preparing for the March Board of Review. The Seminar will also include a question

More information

Effectively Protesting Your Property s Appraised Value for Taxes (the most immediate form of tax relief)

Effectively Protesting Your Property s Appraised Value for Taxes (the most immediate form of tax relief) Effectively Protesting Your Property s Appraised Value for Taxes (the most immediate form of tax relief) Provided courtesy of Cheryl E. Johnson Galveston County Tax Assessor/Collector 722 Moody Avenue

More information

ASSESSOR S CALENDAR. When in session, the board of county commissioners may cancel property taxes which for any lawful reason should not be paid.

ASSESSOR S CALENDAR. When in session, the board of county commissioners may cancel property taxes which for any lawful reason should not be paid. CONTINUOUS Assessor Submits Tax Numbers The assessor must provide a list of tax numbers, showing the complete legal description and the tax number for that description, to be recorded by the county recorder

More information

Assessment Management. 1. Find and hold any prior year property splits documents. 2. Find and hold any prior year property combine documents

Assessment Management. 1. Find and hold any prior year property splits documents. 2. Find and hold any prior year property combine documents Assessment Management Pre Open Book Duties: 1. Find and hold any prior year property splits documents. 2. Find and hold any prior year property combine documents 3. Find and hold any prior year property

More information

Senate Select Committee for Property Tax Reform & Relief

Senate Select Committee for Property Tax Reform & Relief Senate Select Committee for Property Tax Reform & Relief LOCAL TAXES VS. HOUSEHOLD INCOMES Statewide Since 2005, city and county property tax levies have increased much faster than median household incomes

More information

MINNESOTA SCHOOL DISTRICT LEVY EQUALIZATION. Purpose, History and Mechanics

MINNESOTA SCHOOL DISTRICT LEVY EQUALIZATION. Purpose, History and Mechanics 2/27/2013 Purpose of Equalization 1. Legal context MINNESOTA SCHOOL DISTRICT LEVY EQUALIZATION Purpose, History and Mechanics a. Minnesota Constitution, Article 13, Section 1 i. It is the duty of the legislature

More information

Glossary of Assessment Terms:

Glossary of Assessment Terms: Glossary of Assessment Terms: Abatement A reduction or elimination of a tax or charge imposed by a governmental unit, applicable to property tax bills, motor vehicle excise taxes, fees, charges, and special

More information

PART 3. Assessment Procedures. CHAPTER 4 New Construction Valuation Property Tax Levy Limit

PART 3. Assessment Procedures. CHAPTER 4 New Construction Valuation Property Tax Levy Limit PART 3 Assessment Procedures CHAPTER 4 Introduction Arizona Revised Statute ( ARS ) 42-13002(B) (3) authorizes the Arizona Department of Revenue (ADOR) to audit the valuation of new construction as determined

More information

Real Property Tax Ordinance

Real Property Tax Ordinance Each year residents of Maui, Molokai, and Lanai make an investment in their County when they pay their property taxes. Every dollar is returned in the form of vital services we often take for granted;

More information

Lee Central Appraisal District

Lee Central Appraisal District Lee Central Appraisal District 2014 Annual Report General Information The Property Tax Assistance Division of the Texas Comptroller's office requires appraisal districts to publish an annual report. This

More information

York County Assessor s Office. Notice of Assessment and What You Should Know

York County Assessor s Office. Notice of Assessment and What You Should Know York County Assessor s Office Notice of Assessment and What You Should Know 1 Table of Contents Notice of Classification Appraisal & Assessment of Real Property Sample Notice of Assessment Important things

More information

administrative subdivisions of the counties and are not counted as separate governments in census statistics on governments. IOWA

administrative subdivisions of the counties and are not counted as separate governments in census statistics on governments. IOWA IOWA Iowa ranks 17th among the states in number of local governments with 1,954 as of October 2007. COUNTY GOVERNMENTS (99) There are no areas in Iowa lacking county government. The county governing body

More information

Targeting Property Tax Relief: A Design to Expand Illinois Circuit Breaker

Targeting Property Tax Relief: A Design to Expand Illinois Circuit Breaker Targeting Relief: A Design to Expand Illinois Circuit Breaker This paper proposes to expand the current Illinois Circuit Breaker Program and provide property tax credits to up to 4.7 million households

More information

WAYNE COUNTY REAL PROPERTY TAX SERVICES AGENCY 2015 ANNUAL REPO RT. Karen Ambroz, Director

WAYNE COUNTY REAL PROPERTY TAX SERVICES AGENCY 2015 ANNUAL REPO RT. Karen Ambroz, Director WAYNE COUNTY REAL PROPERTY TAX SERVICES AGENCY 2015 ANNUAL REPO RT Karen Ambroz, Director Wayne County Real Property Tax Services 16 William Street Lyons, New York 14489-1144 Office: 315-946-5916 Karen

More information

DICKENS COUNTY APPRAISAL DISTRICT 2015 LOCAL REPORT

DICKENS COUNTY APPRAISAL DISTRICT 2015 LOCAL REPORT DICKENS COUNTY APPRAISAL DISTRICT 2015 LOCAL REPORT ORGANIZATION OF DICKENS COUNTY APPRAISAL DISTRICT Jurisdictions (Taxing Units) Dickens County Spur ISD Patton Springs ISD City of Dickens City of Spur

More information

An explanation of. 2011 Edition ARIZONA CAPITOL TIMES. Arizona Tax Research Association ARIZONA TAX RESEARCH ASSOCIATION 1814 W WASHINGTON STREET

An explanation of. 2011 Edition ARIZONA CAPITOL TIMES. Arizona Tax Research Association ARIZONA TAX RESEARCH ASSOCIATION 1814 W WASHINGTON STREET NON-PROFIT ORG. U.S. POSTAGE P A I D PHOENIX, AZ PERMIT #2184 An explanation of ARIZONA TAX RESEARCH ASSOCIATION 1814 W WASHINGTON STREET PHOENIX AZ 85007 2011 Edition ARIZONA CAPITOL TIMES Arizona Tax

More information

Property Assessment Appeal Guide For Wisconsin Real Property Owners

Property Assessment Appeal Guide For Wisconsin Real Property Owners Property Assessment Appeal Guide For Wisconsin Real Property Owners 2014 Wisconsin Department of Revenue Division of State & Local Finance Office of Technical and Assessment Services P.O. Box 8971 Madison,

More information

CHAPTER 2014-254. Committee Substitute for Committee Substitute for House Bill No. 1445

CHAPTER 2014-254. Committee Substitute for Committee Substitute for House Bill No. 1445 CHAPTER 2014-254 Committee Substitute for Committee Substitute for House Bill No. 1445 An act relating to the Citrus County Hospital Board, Citrus County; amending chapter 2011-256, Laws of Florida; authorizing

More information

STATE OF MINNESOTA OFFICE OF ADMINISTRATIVE HEARINGS FOR THE MUNICIPAL BOUNDARY ADJUSTMENT UNIT

STATE OF MINNESOTA OFFICE OF ADMINISTRATIVE HEARINGS FOR THE MUNICIPAL BOUNDARY ADJUSTMENT UNIT OAH 7-0330-21877-BA STATE OF MINNESOTA OFFICE OF ADMINISTRATIVE HEARINGS FOR THE MUNICIPAL BOUNDARY ADJUSTMENT UNIT In the Matter of the Petition for the Dissolution of the City of Tenney FINDINGS OF FACT,

More information

No one likes paying taxes, especially when they aren t sure how they re figured or where the money goes. For property owners, coming up with that one

No one likes paying taxes, especially when they aren t sure how they re figured or where the money goes. For property owners, coming up with that one No one likes paying taxes, especially when they aren t sure how they re figured or where the money goes. For property owners, coming up with that one or two large payments each year feels more painful

More information

Glossary of Terms Related to Taxes

Glossary of Terms Related to Taxes Glossary of Terms Related to Taxes Abatement: to decrease in amount or value; the process of reducing or eliminating taxes which would normally be due and payable. Abstract: a listing of the different

More information

2013 Truth-In- Taxation

2013 Truth-In- Taxation 2013 Truth-In- Taxation A Guide for Setting School District Tax Rates Susan Combs Texas Comptroller of Public Accounts Texas Property Tax Table of Contents Introduction.... 1 Chapter 1: Truth-in-Taxation

More information

FINAL ADMINISTRATIVE DECISION ILLINOIS PROPERTY TAX APPEAL BOARD

FINAL ADMINISTRATIVE DECISION ILLINOIS PROPERTY TAX APPEAL BOARD APPELLANT: Move Right In LLC DOCKET NO.: 12-01298.001-R-1 PARCEL NO.: 03-29-376-002 FINAL ADMINISTRATIVE DECISION ILLINOIS PROPERTY TAX APPEAL BOARD The parties of record before the Property Tax Appeal

More information

Susan Combs Texas Comptroller of Public Accounts. Property Tax Basics. Texas Property Tax

Susan Combs Texas Comptroller of Public Accounts. Property Tax Basics. Texas Property Tax Susan Combs Texas Comptroller of Public Accounts Property Tax Basics Texas Property Tax January 2014 This publication is intended to provide customer assistance to taxpayers. It does not address all aspects

More information

Board of Appeal and Equalization Training

Board of Appeal and Equalization Training Board of Appeal and Equalization Training This handbook was created to satisfy the training requirements of Minnesota Statutes, sections 274.014 and 274.135 2015 Table of Contents Table of Contents...

More information

Created by P.A. 95-644

Created by P.A. 95-644 Created by P.A. 95-644 Report to the General Assembly December 2009 Contents Introduction...3 Authorizing Legislation... 3 Meetings and Topics Covered... 4 Property Tax Reform History...6 The Property

More information

Township High School District #113 2014 Levy for Fiscal Year 2015-16

Township High School District #113 2014 Levy for Fiscal Year 2015-16 Township High School District #113 2014 Levy for Fiscal Year 2015-16 District #113 Vision Mission - Goals Vision Township High School District 113 provides a rigorous, equitable, student-centered education,

More information

Course Objectives. What are Property Taxes? 2/14/2012. Tax Settlements

Course Objectives. What are Property Taxes? 2/14/2012. Tax Settlements 2/14/2012 Tax Settlements Presented by: Local Government Services 1 Course Objectives To enhance your understanding of how to read and record the information contained on your tax settlement sheets To

More information

AVI SURVIVAL GUIDE REAL ESTATE TAX RELIEF PROGRAMS and the RENTER REBATE PROGRAM

AVI SURVIVAL GUIDE REAL ESTATE TAX RELIEF PROGRAMS and the RENTER REBATE PROGRAM AVI SURVIVAL GUIDE REAL ESTATE TAX RELIEF PROGRAMS and the RENTER REBATE PROGRAM Prepared by The Crosstown Coalition of Taxpayers www.crosstowncoalitiontax.wordpress.com Bella Vista Town Watch Center City

More information

September 24, 2007. To The Honorable, the City Council:

September 24, 2007. To The Honorable, the City Council: September 24, 2007 To The Honorable, the City Council: The establishment of the FY08 property tax rate by the Board of Assessors, subject to the approval of the Massachusetts Department of Revenue, is

More information

A Public Relations Guide

A Public Relations Guide Idaho s Property Tax System A Public Relations Guide Produced by: The Idaho Association of Counties P.O. Box 1623 Boise, ID 83701 (208) 345-9126 1 Introduction: Under normal circumstances counties operate

More information

CABRILLO UNIFIED SCHOOL DISTRICT RESOLUTION # 01-10

CABRILLO UNIFIED SCHOOL DISTRICT RESOLUTION # 01-10 CABRILLO UNIFIED SCHOOL DISTRICT RESOLUTION # 01-10 RESOLUTION OF THE BOARD OF EDUCATION OF THE CABRILLO UNIFIED SCHOOL DISTRICT CALLING AN ELECTION, ESTABLISHING SPECIFICATIONS OF THE ELECTION ORDER,

More information

Budgeting in the Municipal World

Budgeting in the Municipal World State of New Jersey Department of Community Affairs Division of Local Government Services Budgeting in the Municipal World Christine Caruso, Deputy Director DLGS An Orientation for Municipal Officials

More information