Perry County Is Fairly Assessed

</element><element id="paragraph-1" type="body"><![CDATA[Perry County has been issued a final property assessment equalization factor of 1.0000, according to Brian Hamer, Director of Illinois Department of Revenue.

Residents in Perry County can expect to receive their tax bills in mid to late June this year.

Perry County Clerk Kevin Kern said that this is the earliest the tax cycle has been completed in many years. The credit for that belongs to Supervisor of Assessments John Batteau. The Board of Review finished their work in May and Batteau sent the final abstract to the Department of Revenue on May 12.

The property assessment equalization factor, often called the "multiplier," is the method used to achieve uniform property assessments among counties, as required by law.

Under a law passed in 1975, property in Illinois should be assessed at one-third of its market value. Farm property is assessed differently, with farm homesites and dwellings subject to regular assessing and equalization procedures, but with farmland assessed at one-third of its agricultural economic value. Farmland is not suggest to the state equalization factor.

Assessments in Perry County are at 33.29 percent of market value, based on sales of properties in 2007, 2008 and 2009.

The equalization factor was issued after a public hearing on the tentative factor. The tentative factor issued in March 2011 was 1.0000. The equalization factor is determined annually for each county by comparing the price of individual properties sold over the past three years to the assessed value placed on those properties by the county supervisor of assessments/county assessor.If this three-year average level of assessment is one-third of the market value, the equalization factor will be one. If the average level of assessment is greater than one-third of market value, the equalization factor will be less than one. And if the average levee of assessment is less than one-third of market value, the equalization factor will be greater than one.

The assessed value of an individual property determines what portion of the tax burden a specific taxpayer will assume.