Q: When are property taxes due in Coles County for the current tax year?
A: Property taxes for the 2025 levy year are due in two equal installments: July 3, 2025 and September 3, 2025. If the due date falls on a weekend or holiday, payment is due the next business day.
Q: What tax credits are available and do they require application?
A: The primary tax benefit is the General Homestead Exemption, which reduces your assessed value by up to $10,000. This REQUIRES APPLICATION with the Coles County Supervisor of Assessments and is not automatic. Other potential exemptions include Senior Citizens Assessment Freeze and Veterans with Disabilities exemption, all requiring separate applications.
Q: How does the Homestead Exemption work?
A: The General Homestead Exemption reduces your property's assessed value by up to $10,000, which saves approximately $104 annually at current tax rates. You must occupy the property as your primary residence and file an application. The exemption does not reduce market value but limits assessment increases and reduces the taxable assessed value.
Q: How often are properties reassessed in Coles County?
A: Illinois law requires properties to be reassessed every four years, though the county assessor may conduct annual reviews. The most recent countywide reassessment was completed for the 2025 assessment year. You can appeal your assessment to the Coles County Board of Review if you believe it's incorrect.
Q: What are the penalties for late property tax payments?
A: Late payments incur interest charges of 1.5% per month on the unpaid balance. If the first installment is paid late, interest accrues from the original due date. Continued non-payment can eventually lead to tax sale proceedings.
Q: Can I pay my property taxes online?
A: Yes, you can pay online at www.colescountyilretax.us or by phone at 1-217-292-6625. The county accepts credit cards, debit cards, and electronic checks, though convenience fees may apply for credit card payments.
Q: Why do tax rates vary within Coles County?
A: Your tax rate depends on the combination of taxing districts that serve your property, including school district, municipality or township, fire protection district, library district, and other special districts. Different areas of the county are served by different districts with varying rates.
Q: What should I do if I disagree with my property assessment?
A: You can appeal your assessment to the Coles County Board of Review, typically between July and September following the assessment. You may present evidence of your property's value, such as recent sales of comparable properties or a professional appraisal. Contact the Board of Review office for specific filing procedures and deadlines.
