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The
Township Assessor is required by law to uniformly
assess properties at a median level of 33 1/3% (one
third) of market value.
Equitable
assessments ensure a fair distribution of the property
tax burden among all property owners. Local property
taxes pay for such services as schools, villages,
libraries, park districts, and fire protection districts.
The
Assessor's staff maintains a file for every property
located within the township. This file includes the
lot size, building sketch if the property is improved,
and descriptions of the improvements. When buildings
are constructed, the assessor's staff gathers information
from blueprints and through field inspections of each
property. Changes to properties are monitored through
building permits, sales listing information, and neighborhood
inspections.
The
Assessor's property files are a valuable resource
to appraisers, realtors and to homeowners who want
to compare their properties to similar properties
to verify assessment uniformity.
Assessments
must be equalized to a median level of (33 1/3%) on
an annual basis, and a General Reassessment is required
every four years to maintain or increase assessment
uniformity in each neighborhood. Assessments increase
or decrease within a neighborhood based on the three
prior years' sales. If necessary, assessment changes
are made within a neighborhood based on style, location,
or other criteria. The next General Reassessment will
occur in 2007.
The
Assessor's staff will also assist homeowners in applying
for Homestead Exemptions
for which they are eligible.
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