By State Law, the 2015 assessment year is the General Reassessment Year, which mandates that every four years our office must review and reassess all property within our jurisdiction.
It is during this General Reassessment adjustments are made to reflect the current market within Milton Township. My staff will be analyzing sales information from over the past three years and adjusting assessments as needed, per Illinois State Statutes.
Our office is required to follow the State Property Tax Code (35 ILCS 200/1-1, et seq.) and the applicable regulations provided in the Illinois Administrative Code. As the Milton Township Assessor, I am responsible for establishing fair and accurate property assessments. By statute, valuation of the Township’s 41 thousand parcels of property is conducted for ad valorem tax purposes. Ad valorem means according to value, and refers to the amount of taxes which will be required to be paid based on the value of the property. The value of these properties is not determined on an individual basis, but rather by a mass appraisal system. The mass appraisal system establishes equity and fairness in the assessment process.
The overall amount of real estate taxes collected is determined, not by our office, but by all of the local taxing bodies providing services to our community. Because the assessed valuation of your property does determine your share of those taxes, it is very important to be aware of any proposed increases in spending by our local governments.
Our office's public service responsibilities are not limited to setting property values. We also support and help Township residents to better understand the assessment process and take advantage of money-saving exemptions that are available to property owners in Milton Township.
Please feel free to contact me or any one of my Deputy Assessors with any questions you might have. We welcome you to come visit our office, or call us at 630-653-5220. You can also email us at firstname.lastname@example.org, or visit our web site at www.miltonassessor.com.
Chris E. LeVan
Milton Township Assessor