When are initial assessments complete?
In Lake County, township assessors complete their assessments in late summer through the fall.

After they have certified their assessment books as being correct, they turn them in to the Chief County Assessment Office, which equalizes assessments to 33.33% of market value through the use of an equalization factor.

Assessment books are then given to the County Board of Review for further review in the assessment appeal process.

Show All Answers

1. What is an assessment?
2. Who assesses property?
3. Who oversees that the assessment work is completed each year?
4. When are initial assessments complete?
5. Are taxpayers notified about the assessments on their property?
6. What property is exempt from property tax?
7. What property tax relief is available?
8. What problems are generated by inequality in assessments for taxpayers?