Lake Villa Township 2018 Assessments Published
On June 21, 2018 Assessment Notices, also known as the “Blue Card”, will be mailed to the taxpayers of Lake Villa Township. It is very important to review the values and contact my office with any questions or concerns as soon as possible.
The 30 day appeal deadline to file a formal appeal to the Lake County Board of Review will be July 23. After that deadline, my office cannot make changes to the valuation unless there is a factual error such as a data entry error.
Contact the Assessor’s Office
Homeowners are strongly encouraged to submit evidence and discuss the assessed value with my office first. Please feel free to contact my office with any questions you may have regarding your assessment. We can evaluate the evidence and if warranted make a change to your assessment without necessitating further appeal. It is also advisable to contact my office in person, via phone or email as soon as possible; we expect to be very busy.
Basis for appeal
If recent sales in your subdivision and neighborhood indicate that your parcel is overvalued after the application of the 2018 equalization factor, then that is a basis for an appeal. A recent sale price or recent appraisal can be used as the basis for valuation. Additionally, if your property or home is over-assessed compared to other similar properties or homes in your subdivision or neighborhood, this would also be a legitimate basis for an appeal. Factual errors such as an incorrect description of your property can be corrected with the value adjusted accordingly.
Lake Villa 2018 Equalization Factor
The 2018 equalization factor for Lake Villa Township is 1.0274 or +2.74%. This factor is applied to all non-farm parcels in the Township. It does not mean your taxes are going up by 3%. The factor is used to adjust assessments to 33-1/3% of market value the state mandated level of assessment.
One other thing to remember is that since all assessments in Lake Villa Township will receive the 2018 equalization factor of 1.0274, your share of the property tax burden in Lake Villa Township will remain relatively the same. Taxes could increase, however, if taxing body spending increases.
Lake Villa Township Assessor
Jeffrey A. Lee
Office Hours: Monday – Friday 8:00 am to 4:00 pm
Lake County Web site – www.lakecountyil.gov