Frequently Asked Assessment Questions
How often do I get reassessed?
By Illinois law every property must be reassessed at least every four years. It is preferred however, to reassess annually to reflect the current market values and to maintain uniformity. Hopefully, by reassessing every year you will not see dramatic increases in your assessments.
How can my assessment be increased when I didn’t do anything to the home?
An assessment must reflect the market value of your property. Property values continue to increase in our area every year. These increases are reflected in the sales of homes that we receive. These sales are analyzed and compared with other sales and their properties. Comparisons are then made with all properties within the Township to reflect the market value of those properties.
How soon after I move into my newly constructed home will I get a tax bill?
Properties are assessed as of January 1. However, if a home is completed in the middle of a year, the improvement (home) can be pro-rated for the remainder of the year. The first tax bill would be a prorated tax bill the next year, and the first full tax bill would be the following year. For example if your home was completed June 1st 2006, you would receive a tax bill for only the land in 2006. In 2007 you would receive a prorated tax bill and the first full tax bill would be in 2008.
How much would an additional improvement to my property increase my assessment?
An addition, deck, pool, shed, etc., may be eligible for a Homestead Improvement Exemption. Any improvement made to an existing structure that is owner/occupied and used for residential purposes can qualify. The new addition is measured and valued and then subtracted from the tax bill for 4 years. The increase is limited to $25,000 assessed value. An addition to a farm building or new farm building is not eligible for this exemption. In this case the addition is measured and valued and would be reflected in the following years assessment.
What do I do if I do not agree with my assessment?
If after receiving your new assessment you feel your property has been incorrectly valued, please call this office at 847-464-4221. We can go over your questions or concerns and make any corrections if necessary. If after talking with us you still feel you are not being assessed fairly, you may file a complaint with the Kane County Board of Review for a hearing. Complaint forms may be obtained at the Supervisor of Assessments Office within 30 days from the date of publication in the newspaper for the new assessments. Please remember that this hearing must be regarding the market value for the current assessment year.