Q: When are property taxes due for FY 2025-2026?
A: Tax bills are mailed annually with two installment options. The first installment is typically due 30-45 days after bills are mailed (usually late June or July), and the second installment is due after September 1st. Exact dates are printed on your tax bill.
Q: What tax credits are available and do I need to apply?
A: The General Homestead Credit reduces your equalized assessed value by up to $6,000 and requires application (though renewal may not be required after initial approval). The Senior Citizens Homestead Credit provides an additional $5,000 reduction for qualifying seniors and requires application. All credits must be applied for - they are not automatic.
Q: How does the Homestead Credit work?
A: The Homestead Credit doesn't reduce your property's market value. Instead, it reduces your equalized assessed value (EAV) by up to $6,000 for owner-occupied properties. This credit also helps limit assessment increases year-over-year. You must file for this credit initially, but renewal may not be required once approved.
Q: When are properties reassessed?
A: Illinois law requires properties to be reassessed at least every four years, though counties may reassess more frequently. Randolph County follows a regular assessment cycle, and property owners are notified when their property is being reassessed with opportunities to appeal.
Q: What happens if I pay late?
A: Late payment penalties and interest apply to overdue property taxes. After the tax sale process, property owners have a minimum of two years to redeem delinquent taxes before losing ownership, with possible extensions up to three years at the tax buyer's discretion.
Q: Can I pay property taxes online?
A: Contact the Randolph County Treasurer's office to inquire about online payment options and accepted payment methods. Many Illinois counties now offer online payment systems for property taxes.
Q: How do special taxing districts affect my bill?
A: Your property tax rate depends on which combination of taxing districts serve your address - school districts, fire protection districts, library districts, park districts, etc. Properties in different areas of Randolph County will have different total tax rates based on these district boundaries.
Q: How do I appeal my property assessment?
A: Property assessment appeals must be filed with the Randolph County Board of Review during designated periods, typically after assessment notices are mailed. You'll need to provide evidence supporting your claim that the assessed value is incorrect, such as recent appraisals or comparable property sales.
