Q: When are property taxes due in Carroll County for the current tax year?
A: Property taxes for tax year 2024 are due in two installments: first installment by July 1, 2025, and second installment by December 1, 2025.
Q: What tax credits are available and do I need to apply for them?
A: The primary tax benefit is the Homestead Exemption, which reduces your equalized assessed value by up to $10,000. This requires annual application and is NOT automatic. Additional credits include the Homestead Exemption for Persons with Disabilities (HEPD) providing a $2,000 EAV reduction, and the Senior Citizens Assessment Freeze for qualified low-income seniors.
Q: How does the Homestead Exemption work?
A: The Homestead Exemption doesn't reduce your property's market value, but rather reduces the equalized assessed value used for tax calculation purposes. You must apply annually with the Chief County Assessment Officer by the county deadline to receive this benefit.
Q: How often are properties reassessed in Carroll County?
A: Illinois law requires properties to be reassessed at least every four years, though Carroll County may conduct assessments more frequently. The county uses statistical analysis and market data to ensure assessments reflect current market values.
Q: What are the penalties for late property tax payments?
A: Late payments are subject to interest charges and penalties. Interest begins accruing after the due date, and additional penalties may apply for significantly delinquent payments. Contact the Carroll County Treasurer's office for specific penalty rates.
Q: Can I pay my property taxes online?
A: Yes, Carroll County accepts credit and debit card payments online during the tax collecting season. Check the Carroll County Treasurer's website for the online payment portal and any associated convenience fees.
Q: How do special taxing districts affect my tax bill?
A: Your property may be located within multiple overlapping taxing districts (school, fire, library, etc.), each with its own tax rate. The combination of all applicable district rates determines your total effective tax rate, which is why rates vary throughout the county.
Q: How do I appeal my property assessment?
A: Assessment appeals must be filed with the Carroll County Board of Review during their scheduled appeal period, typically in late summer or early fall. You'll need to provide evidence that your property's assessed value is higher than its fair market value.
Q: What happens if I don't receive my tax bill?
A: Property owners are responsible for paying taxes even if they don't receive a bill. Contact the Carroll County Treasurer's office immediately if you haven't received your bill by the typical mailing dates to avoid late penalties.
Q: Are property improvements immediately taxable?
A: New construction and improvements may result in supplemental tax bills prorated for the remainder of the current tax year. Major improvements are typically assessed when discovered or reported, which may trigger additional taxes for that year.
