Q: When are property taxes due in Iroquois County?
A: For the current fiscal year, the first installment is due by mid-July (approximately July 12th) and the second installment is due by mid-September (approximately September 12th). Late payments incur a 1.5% penalty after the due date.
Q: What tax credits are available and how do I apply?
A: The Homeowner Exemption reduces assessed value by up to $10,000 and requires annual application to the County Assessor. The Senior Citizens Assessment Freeze caps assessment increases for qualifying seniors and requires application with income verification. The Homestead Exemption for Persons with Disabilities provides a $2,000 reduction in assessed value with proper application and documentation.
Q: How does the Homestead Exemption work?
A: The Homestead Exemption does not reduce market value but rather caps annual assessment increases, typically to 7% or 10% depending on the specific exemption type. This credit requires filing an application with the County Assessor and must be renewed periodically. It limits how much your assessed value can increase year-over-year, not your total assessment amount.
Q: How often are properties reassessed?
A: Illinois law requires reassessment every four years in most counties, though annual reviews may occur. Iroquois County follows the state schedule, with the most recent general reassessment determining current values. Property owners can appeal assessments within 30 days of notification.
Q: What happens if I pay my taxes late?
A: Late payments incur a 1.5% penalty per month after the due date. If taxes remain unpaid, properties may be subject to tax sale procedures. Interest continues to accrue until full payment is received.
Q: Can I pay my property taxes online?
A: Yes, Iroquois County typically offers online payment options through the County Treasurer's website. Payment methods usually include electronic check and credit card options, though credit card payments may incur processing fees.
Q: How do special district taxes affect my bill?
A: Special districts like fire protection, library, park, and drainage districts add separate line items to your tax bill. Your property's location determines which special districts apply, making each property's total rate unique based on the services provided to that area.
Q: What if I disagree with my property assessment?
A: Property owners can file an appeal with the Board of Review within 30 days of receiving their assessment notice. Appeals should include comparable sales data or evidence of assessment errors. The appeal process is free, though some property owners choose to hire professional representatives.
