FREQUENTLY ASKED QUESTIONS
I just received a Notice of General Reassessment, what does that mean?
Once every four years, by law, the Assessor must review and reassess all property in the jurisdiction. In the middle three years, normally a multiplier is applied to all parcels within a Township. It's in the fourth year, the General Reassessment year, that adjustments are made to reflect the market activity in smaller specific areas and neighborhoods within a Township.
Also, in a General Reassessment year notices are mail to each property owner and all assessments are published in local newspapers. The newspaper your parcel is listed in is printed on your assessment notice.
Portions of the entire publication are printed in The Doings, Clarendon Hills Doings & Weekly Doings, the Downers Grove Reporter and the Suburban Life Newspapers. All of these procedures are in accordance with Illinois State Statute.
The assessed value on the Notice of General Reassessment increased 20%. Will my tax bill increase 20%?
This does NOT mean your taxes will increase by the same percentage. The amount of the overall tax collection is determined by the taxing bodies...schools, government, parks, fire districts, etc. Your portion of that tax collection is dictated by the assessed value of your property.
Due to the Tax Cap, property owners rarely experience double digit TAX increases in a reassessment year. Since 1991, when this law was passed, taxing bodies have been prevented from increasing their tax collections (levies) by more than 5% (or the Consumer Price Index rate if it is less than 5%). However, if the voters passed a tax referendum, say for a new school or public building or program then your tax increase may be more.
Unfortunately, we cannot tell you what your tax bill amount will be at this time because the taxing body's request for money must be sent to the County Clerk and the processing of that information does not take place until next spring.
How does the Assessor know when an improvement is made?
The Assessor's Office is sent copies of building permits from DuPage County and the villages within the Township boundaries. Once the permit is received a Deputy Assessor Fieldman inspects each site, measures the structure, and lists it's amenities for assessment purposes.