White County's property assessment equalization, or multiplier, remains at 1.0000, according to Constance Beard, the director of the lllinois Department of Revenue.
The multiplier helps determines property valuations for counties in Illinois and taxes for the previous year, which are paid in the current year. It's a vital process to ensure taxes are meted out evenly in light of the fact that a number of the state's 6,600 districts have entities that also fall into other categories, such as public school, junior college and fire protection districts.
Illinois is required to calculate property at one-third of the market value. Measurements for White County are 33.32 percent of the market value. This takes into account property sales from 2013, 2014, and 2015, but does not pertain to farms, which are based on a different process.
The multiplier does not determine how much a taxpayer will have to pay, which is ultimately determined by the local government for services it provides.
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