CLINTON — DeWitt County has been issued a final property assessment equalization factor of 1.0000, reported Brian Hamer, director of the Illinois Department of Revenue.
The property assessment equalization factor, often referred to as the “multiplier,” is the method used to achieve uniform property assessments among counties, as required by law. The equalization is particularly important because some of the state’s 6,600 taxing districts overlap into two or more counties. School districts, community college districts and fire protection districts are examples.
If there were no equalization among counties, substantial inequities among taxpayers with comparable properties would exist.For the complete article see the 06-11-2013 issue.
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