Jersey County multiplier unchanged from previous year
Jersey County's equalization factor, also called a multiplier, remains at 1.000 for taxes to be paid this year, according to the Illinois Department of Revenue.
The multiplier, a tool used determine property assessments, is a requirement in Illinois and determined by a three-year average of properties being sold. It does not apply to farm properties. The purpose of a multiplier is to ensure fairness among taxpayers in various counties.
For Illinois, property is measured at one-third (1/3) of its market value. For Jersey County, the 2016 measurement -- which determines 2017 taxes -- was 33.38 percent.
The equalization factor for Jersey County was determined in January. While the multiplier might change from year to year, it does not necessitate a change in tax bills, which are based on local service requirements.
Organizations in this Story
200 N Lafayette St
Jerseyville, IL 62052
101 W Jefferson St
Springfield, IL 62702