Q: When are property taxes due for the current tax year?
A: For FY 2024-2025, first installment is typically due June 1, 2025, and second installment September 1, 2025. Contact the Wayne County Collector for exact dates.
Q: What tax credits are available and how do I apply?
A: Available credits include the General Homestead Exemption ($10,000 reduction in assessed value), Home Improvement Exemption (up to $75,000 market value for qualified improvements), and Senior Citizens Exemption. All require annual application by January 31st deadline.
Q: How does the Homestead Exemption work?
A: The General Homestead Exemption reduces your property's assessed value by up to $10,000, which must be your primary residence. You must file Form PTAX-230 annually by January 31st - it's not automatic.
Q: When are properties reassessed in Wayne County?
A: Illinois law requires annual assessment reviews, with comprehensive reassessments typically conducted every 3-4 years. The Township Assessor reviews property values annually.
Q: How do I appeal my property assessment?
A: File an appeal with the Wayne County Board of Review during their hearing period (typically March-July). If unsatisfied, appeal to the Illinois Property Tax Appeal Board (PTAB) by August 30th following the assessment year.
Q: What is the penalty for late tax payments?
A: Late payments incur a penalty of 1.5% per month on the unpaid balance. Properties become delinquent if taxes remain unpaid by the following May, potentially leading to tax sale proceedings.
Q: Can I pay property taxes online?
A: Contact the Wayne County Collector's office to confirm current online payment options and accepted payment methods for your specific tax bill.
Q: Why do tax rates vary within Wayne County?
A: Tax rates differ based on which special taxing districts (school districts, fire districts, library districts, etc.) serve your specific property location. Each district sets its own levy within legal limits.
Q: What happens if my property is in a Tax Increment Financing (TIF) district?
A: TIF districts freeze the assessed value for most taxing bodies, with increment taxes used for district improvements. Contact the Wayne County Clerk for TIF district information.
Q: How do special assessments work?
A: Special assessments for improvements like sidewalks or drainage may be levied by local governments. These appear as separate line items on tax bills and typically can be paid in annual installments over several years.
