Williamson County has been issued a multiplier, or property assessment equalization factor, of 1.0000 after a final assessment, according to Constance Beard, director of the Illinois Department of Revenue.
The factor is slightly below last year's 1.0383. Every year's factor is for the previous year's taxes, which are paid during the current year.
Multipliers help ensure fairness among taxpayers in Williamson County, since there are some local taxing districts that fall into more than one county. Examples include school, junior college and fire protection districts. Property is evaluated at one-third of its market value. This does not pertain to farmland, which is not required to have an equalization factor.
The county's 1.0000 was arrived at after a public hearing and finalized in February. The small change does not impact the amount that residents will have to pay in property taxes, which depend on the local taxing district's request for funding.
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