Marion County Supervisor of Assessments Mark Miller has announced a county-wide seven percent multiplier on all properties in the county as a result of a continuing rise in the sale prices of home during the past year. A similar increase was made last year on all properties outside of Salem Township, which received a 4.6-percent increase.
As an example, Miller notes seven homes sold in Salem during September that were $23,000 to $84,000 above what would have been considered fair market value just a few years ago. He notes the same thing is happening countywide. Under state law, Miller is required to bring the valuation of property in the county to 33.3-percent of actual value. If he doesn’t take action, Miller says the Illinois Department of Revenue will make the adjustments. The multiplier does not impact Farmland Assessments, which have their own valuation process.
Miller says the increase in property value will not necessarily increase property taxes. If taxing bodies do not increase their budgets when property assessments increase, the result is tax rates go down and there is little if any change to an individual tax bill. Miller notes that is what happened in the past two years where most experienced minimal changes in their property taxes paid. Miller says the same will be true for the tax bills you receive next year unless there is an increase in the budgets of taxing bodies.
Miller has also announced a total of 5,716 change notices are being sent out to property owners throughout the county. He says the notices will go to owners whose property value has been re-assessed resulting in an increase or decrease in value. Miller says the number is about 1,800 fewer than last year.
Those wishing to come before the Board of Review for the purpose of contesting the valuation of their property may pick up a complaint packet at the Supervisor of Assessments Office in the Marion County Courthouse. Any property owners, regardless of whether they received a change notice or not, can file a complaint. Complaint forms must be received in the Supervisor of Assessments Office during the period of November 1st through December 1st in order to be considered by the Board of Review. Any complaint form received after December 1st will not be accepted. For answers to any questions concerning the hearing process, you may call 548-3853 or stop by the Supervisor of Assessments Office in the courthouse.
Miller says for anyone receiving a change notice, before filing a complaint he encourages you to look at the notice directly under the “Reason(s) for Change” box at the top of the page where it will show your “2022 Fair Market Value”. Ask yourself if you believe this is a reasonable estimate of what you would consider to be a fair price if you were to sell your property. Miller says if you honestly believe your property is valued too high or too low, you may want to come before the Board of Review.
The 5,716 Change of Assessment notices will be published in Tuesday’s Centralia Sentinel and can also be found by clicking the link below:
