Information on assessment appeals

INFORMATION ON ASSESSMENT APPEALS

SHOULD I FILE AN ASSESSMENT APPEAL ON MY PROPERTY?

You should consider filing an appeal if:

  • You feel that you could not have sold your property for the Fair Cash Value listed on the current Tax Bill on January 1 of the tax bill year.
  • You feel that your assessment is too high
  • You have discussed your assessment with the Assessor and you still feel that you can support an argument that you are over assessed.
  • You have evidence that similar properties have sold (the “ideal” sales window is July of the previous year thru June of the current year – 12 months) via representative transaction of the market for less than your property is valued. This is known as the Market Approach/Basis for an appeal.  A minimum of three comparable sales are recommended.
  • You have an appraisal from a certified appraiser with a date of valuation of January 1 of the current year or within 6 months either side of January 1 of that year.
  • You can show that similar properties in the immediate area/neighborhood are valued/assessed lower than you property. This is known as the Equity Approach/Basis for an appeal.
  • The burden of providing evidence is the responsibility of the tax payer.
  • You may appeal your assessment on both a market and equity approach.
  • Go to the Assessments Department at co.mchenry.il.us to learn more and to get the forms necessary for filing an appeal.
  • REMEMBER, YOU ARE FILING AN APPEAL ON YOUR ASSESSED VALUE, NOT YOUR TAXES! YOU CAN NOT APPEAL YOUR TAXES THROUGH THE ASSESSOR’S OFFICE.