How are my property taxes calculated?
Each taxing district (schools, municipalities, library districts, etc.) submits their levy to the County Clerk’s Office. That levy is divided evenly over the assessed value of all property in the district to produce an initial rate. That rate is reduced based on state statutory limits. The resulting rate is then applied to the assessed value of your particular property to come up with your tax bill.

It is important to remember that although the County Clerk’s Office is tasked with calculating property tax rates, we have no discretionary power over them. The rates are based strictly on (a) the levies submitted by the taxing districts; (b) the assessed value minus exemptions determined by the Chief County Assessment Office; and (c) the statutory limits established by the state legislature and the governor.

Show All Answers

1. What is tax extension?
2. How are my property taxes calculated?
3. Are there any limits on how much tax I am getting charged?
4. How can I reduce my tax bill?