Q: When are property taxes due in Lee County for FY 2025-2026?
A: First installment is due June 13, 2026, and second installment is due September 12, 2026. If bills are mailed after May 1, the first installment is due 30 days after the bill date.
Q: What tax credits are available and do they require application?
A: The primary credit is the Homeowner Exemption (reduces assessed value by up to $10,000), which requires annual application. Senior Citizens Assessment Freeze, Disabled Persons exemption, and Veterans exemptions are also available but all require separate applications and eligibility verification.
Q: How does the Homestead exemption work?
A: The Homeowner Exemption reduces your property's equalized assessed value by up to $10,000, not the market value. This exemption requires annual application and is not automatically applied. It must be filed with the Chief County Assessment Office.
Q: When are properties reassessed in Lee County?
A: Illinois properties are reassessed annually. The county assessor reviews property values each year, with the Board of Review hearing appeals typically in summer months. Assessment notices are generally mailed in late spring.
Q: What are the penalties for late payment?
A: Late payment penalties accrue monthly on unpaid balances. Interest and penalty rates are set by state law and compound monthly until paid in full.
Q: Can I pay property taxes online?
A: Yes, Lee County offers online payment options through the County Collector's website. Credit card, debit card, and electronic check payments are typically accepted with associated processing fees.
Q: How do special district taxes work?
A: Special districts (fire protection, library, park districts) overlap with county boundaries and add to your total tax rate. Your specific rate depends on which combination of districts serve your property location.
Q: How do I appeal my property assessment?
A: Assessment appeals must be filed with the Lee County Board of Review during their annual appeal period, typically May through July. Appeals require evidence supporting your claim of incorrect valuation.
