Q: When are property taxes due in McDonough County for the current fiscal year?
A: Property taxes are typically due in two installments, generally around June 1st and September 1st, though exact dates may vary. Contact the McDonough County Collector's office for specific due dates for the current tax year.
Q: What tax credits are available and do I need to apply for them?
A: The primary tax credit available is the General Homestead Exemption, which reduces your assessed value by up to $6,000. This credit is NOT automatic and requires a separate application to the McDonough County Supervisor of Assessments office. Applications must be filed annually or when you first become eligible.
Q: How does the Homestead Exemption work?
A: The Homestead Exemption reduces your property's assessed value by up to $6,000, not your market value. For example, if your assessed value is $100,000, the exemption reduces it to $94,000 for tax calculation purposes. You must apply for this exemption - it is not automatically applied.
Q: Is there a senior citizen property tax credit available?
A: Yes, the Low-Income Senior Citizens Assessment Freeze Homestead Exemption is available for qualified seniors. For 2026, the maximum income limit has increased to $75,000. This exemption "freezes" your home's assessed value at a base year level. Contact the McDonough County Supervisor of Assessments office for application requirements and deadlines.
Q: How often are properties reassessed in McDonough County?
A: Illinois law requires properties to be reassessed at least every four years, though McDonough County may reassess more frequently. The County Supervisor of Assessments conducts these reassessments to ensure properties are assessed at fair market value.
Q: What should I do if I disagree with my property assessment?
A: You can appeal your assessment by filing a complaint with the McDonough County Board of Review. Appeals must typically be filed within 30 days of receiving your assessment notice. Contact the Board of Review for specific deadlines and required forms.
Q: What are the penalties for late property tax payments?
A: Late payments typically incur interest charges and penalties. The exact penalty structure and interest rates are set by Illinois state law and local ordinances. Contact the McDonough County Collector's office for current penalty rates and payment options.
Q: Can I pay my property taxes online?
A: Many Illinois counties offer online payment options. Contact the McDonough County Collector's office or visit their website to determine available electronic payment methods, including any associated convenience fees.
Q: Why did my property taxes increase even though I didn't improve my property?
A: Property taxes can increase due to several factors: changes in your property's assessed value due to market conditions, increases in tax rates by local taxing districts, new special assessments, or the addition of new taxing districts. Your tax bill should show the breakdown of these components.
Q: What special districts might affect my property tax bill?
A: McDonough County properties may be subject to various special district taxes including transportation systems, fire prevention and safety districts, working cash funds, and special education districts. The specific districts affecting your property depend on your location within the county and are listed on your tax bill.
