![]() ![]() We are required by state law to reassess using sales occurring during the three years prior to the general reassessment year. In a general reassessment, each Assessor’s office is required by Illinois State Statutes to assess properties at one-third of fair market value as of January 1 of each assessment year. Within that framework, we undertook the first township-wide physical reassessment of Milton Township in twenty-four years. My staff and I began by migrating from the old outdated assessing software to a new software assessment database allowing the deputies to achieve greater uniformity, accuracy, and fairness in the assessing process. This process is called the general reassessment year.Ģ015 happens to be a general reassessment year. Every four years each township assessor is required by state statute to conduct a township-wide physical reassessment of all properties within his or her jurisdiction. ![]() It was my promise to you when I became Assessor that I would work to correct the wide discrepancies so many property owners cited in Milton Township. To understand the impact of this, ask yourself: What was the local real estate market like in 1991 compared to where it is today? When I took office in January of 2014, I was shocked to learn there had not been a full township-wide physical reassessment of Milton Township since 1991, twenty-four years ago. In twenty-four years, our real estate market has changed dramatically as well. Over twenty-four years, technology has completely transformed multiple times. Over twenty-four years you can raise a child from infancy through college graduation.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |