Q: When are property taxes due in Fulton County?
A: Property taxes are due in two equal installments: June 1st and September 1st annually for the current tax year. Prepayments are accepted from December 1-31 of the prior year.
Q: What homestead exemptions are available and how do I apply?
A: The General Homestead Exemption reduces your property's equalized assessed value by up to $10,000 for owner-occupied homes. This is NOT automatic - you must file an application by March 1st annually. Senior citizens may qualify for additional exemptions with income limitations.
Q: How does the homestead exemption work exactly?
A: The homestead exemption creates a "floating" exemption that limits annual assessment increases rather than simply reducing market value. It's designed to protect long-term homeowners from dramatic assessment increases while maintaining the $10,000 reduction in taxable assessed value.
Q: What happens if I pay my property taxes late?
A: Late penalties apply after each due date. Interest and penalties accrue monthly on unpaid balances, and the county can eventually initiate tax sale proceedings for severely delinquent accounts.
Q: How often are properties reassessed in Fulton County?
A: Illinois law requires property reassessments at least every four years, though counties may reassess more frequently. You can appeal your assessment through the county assessment office if you believe it's inaccurate.
Q: Can I pay property taxes online?
A: Contact the Fulton County Treasurer's office directly for current online payment options, as availability varies by county in Illinois.
Q: Are there property tax credits available for veterans or seniors?
A: Yes, veterans may qualify for exemptions on assessed value, and seniors (65+) may qualify for additional exemptions based on income limits. All require separate applications with specific deadlines - contact the county assessor's office for details.
Q: Why do property tax rates vary within Fulton County?
A: Your total tax rate depends on which school districts, fire districts, townships, and municipalities serve your specific address. Different combinations of these taxing bodies create varying total rates across the county.
Q: How can I appeal my property assessment?
A: File an appeal with the Fulton County Board of Review during their annual appeal period, typically in summer months. You'll need evidence supporting your claim that the assessed value exceeds fair market value.
Q: What records should I keep for property tax purposes?
A: Maintain copies of tax bills, exemption applications, appeal documents, and any correspondence with the assessor's office. Keep improvement receipts as they may affect future assessments.
