Q: When are property taxes due in McHenry County for fiscal year 2024-2025?
A: Property taxes are typically due in two installments - first installment around June 1st and second installment around September 1st. Exact dates vary by taxing district, so check your tax bill or the County Treasurer's website for specific due dates.
Q: What tax credits are available and how do I apply?
A: The primary credit is the General Homestead Exemption, which reduces your Equalized Assessed Value by up to $10,000. This requires annual application through the McHenry County Assessor's office. Senior citizens may qualify for the Senior Citizen Homestead Exemption and Senior Assessment Freeze. Veterans may qualify for various veteran exemptions. All credits require separate applications - none are automatic.
Q: How does the Homestead Exemption work?
A: The General Homestead Exemption limits annual assessment increases to protect homeowners from sudden tax spikes due to rising property values. It does not reduce your market value but caps how much your assessment can increase year-over-year. You must file an application with the Assessor's office, and the exemption applies to your primary residence only.
Q: When are properties reassessed in McHenry County?
A: McHenry County conducts property reassessments every four years, with the most recent countywide reassessment completed in 2023. However, the Assessor may adjust individual property values between reassessment years due to improvements, appeals, or market changes.
Q: How can I appeal my property assessment?
A: You can file an assessment complaint with the McHenry County Board of Review if you believe your property is overassessed. Applications are typically accepted from late spring through summer following the tax year. If unsatisfied with the Board of Review decision, you may appeal to the Illinois Property Tax Appeal Board (PTAB).
Q: What are the penalties for late payment?
A: Late payments incur interest charges and penalties. The first installment penalty is typically 1.5% per month, while second installment penalties may be higher. After sufficient delinquency, properties may be subject to tax sale proceedings.
Q: Can I pay my property taxes online?
A: Yes, McHenry County offers online payment options through their official website. You can pay by electronic check or credit card, though credit card payments may incur processing fees. Visit the McHenry County Treasurer's website or call (815) 334-4110 for payment options.
Q: Why do property taxes vary within McHenry County?
A: Tax rates vary because different areas are served by different combinations of taxing districts. Your total rate includes school districts, municipality or township, library district, park district, fire protection district, and other special districts. Each sets its own levy rate, creating different total rates across the county.
Q: What happens if I disagree with a supplemental tax bill?
A: You can contest supplemental taxes through the same appeal process as regular assessments. File a complaint with the McHenry County Board of Review within the specified timeframe. Contact the Assessor's office at (815) 334-4818 to discuss your concerns before filing a formal appeal.
Q: Are exemption applications due annually?
A: Most property tax exemptions and credits in McHenry County require annual renewal applications. The exception is certain disability or veteran exemptions that may have longer terms. Exemption forms for the following tax year are typically available around March 1st through the County Assessor's office.
