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Supervisor of assessments says 'positive multipliers' expected as assessed values lag sales; board-review appointment announced
Summary
Peoria County Supervisor of Assessments Chad Jones said assessments are mid-cycle and that the county will have positive multipliers for 2025 (payable 2026); he also announced a board-review appointment and urged seniors and disabled veterans to renew exemptions.
Chad Jones, Peoria County supervisor of assessments, told the county board the office is midway through the assessment cycle and expects positive multipliers for 2025, payable in 2026, because assessed values are lagging recent sales.
"We will have positive multipliers again this year because our assessed values are not keeping up with sale prices," Jones said, explaining that the state’s…
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