David Harris Director the Illinois Department of Revenue | Official Website
David Harris Director the Illinois Department of Revenue | Official Website
Edwards County has been assigned a final property assessment equalization factor of 1.0000, as announced by David Harris, director of the Illinois Department of Revenue (IDOR). The property assessment equalization factor, commonly referred to as the "multiplier," is used to ensure uniform property assessments across counties in compliance with state law.
This equalization process is crucial because many of Illinois' 6,600 local taxing districts extend into multiple counties, such as school districts and fire protection districts. Without this process, there would be significant disparities among taxpayers with similar properties.
According to a law enacted in 1975, property in Illinois should be assessed at one-third of its market value. Farm properties are assessed differently; farm homesites and dwellings follow regular assessing and equalization procedures, while farmland is assessed at one-third of its agricultural economic value and is not subject to the state equalization factor. Assessments in Edwards County currently stand at 33.32% of market value based on sales from 2021 through 2023.
The current equalization factor applies to taxes for the year 2024, payable in 2025. Last year's factor was also set at 1.0000. The final assessment equalization factor followed a public hearing on the tentative factor issued on May 1, 2025, which was also set at 1.0000.
Each county's annual equalization factor is determined by comparing individual property sale prices over the past three years to their assessed values as determined by the county supervisor of assessments or county assessor. If the three-year average level of assessment matches one-third of market value, the multiplier will be one (1). A higher average level results in a multiplier less than one (1), while a lower average leads to a multiplier greater than one (1).
A change in the equalization factor does not directly affect total property tax bills. These bills are determined by local taxing bodies based on their annual financial requests for providing services to citizens. If these requests do not exceed those from the previous year, total property taxes remain unchanged even if assessments rise.
The assessed value of an individual property determines its share of the tax burden but is unaffected by changes in the multiplier.
Alerts Sign-up