Q: When are property taxes due in Franklin County for the current tax year?
A: Property taxes are typically due June 1st for the first installment and October 20th for the second installment. Due dates may vary slightly year to year, so check your actual tax bill for specific dates.
Q: What homeowner tax credits are available and do I need to apply?
A: The primary homeowner exemption reduces your equalized assessed value by up to $10,000 and requires annual application by January 1st. Senior citizens may qualify for additional homestead credits that cap assessment increases. All credits require application - none are automatic.
Q: How does the Homestead Exemption work?
A: The Homestead Exemption is actually a credit that reduces your property's equalized assessed value by up to $10,000, not your market value. You must apply annually by January 1st with the county assessor, and it only applies to your primary residence.
Q: How often are properties reassessed in Franklin County?
A: Illinois law requires counties to reassess properties every four years. Franklin County follows this quadrennial assessment cycle, with properties reassessed based on market conditions and sales data.
Q: What happens if I pay my property taxes late?
A: Late payments incur penalties and interest charges. The first installment penalty begins after June 1st, and the second installment penalty begins after October 20th. Interest typically accrues at 1.5% per month on unpaid balances.
Q: Can I pay my property taxes online?
A: Yes, Franklin County typically offers online payment options through the county treasurer's website. Credit card payments may incur additional processing fees.
Q: How do special district taxes affect my bill?
A: Special districts like fire protection, library, or park districts add separate line items to your tax bill. These rates vary significantly by location within the county based on which districts serve your property.
Q: How can I appeal my property assessment?
A: Assessment appeals must be filed with the Franklin County Board of Review during their designated appeal period, typically late summer through early fall. You'll need evidence supporting your claim that the assessed value exceeds fair market value.
Q: What documentation do I need for tax credit applications?
A: For homeowner exemptions, you typically need proof of ownership and residence. Senior citizen credits may require age verification and income documentation. Contact the Franklin County Assessor's office for specific application requirements and deadlines.
