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Assessor outlines Board of Review activity, explains why assessments rose and how errors are corrected
Summary
The assessor reported the Board of Review processed 776 dockets since December 6, including clerical corrections and taxpayer appeals, and explained Illinois's 33 1/3% of market-value requirement and a 13.21% multiplier used in the last reassessment cycle.
The assessor told the committee the Board of Review has processed 776 dockets since December 6: 379 clerical/assessor error changes, 326 taxpayer complaint appeals and 70 office-initiated changes for miscellaneous reasons. The assessor said the board had 131 hearings scheduled as of March 4.
The assessor explained why many taxpayers see higher bills even…
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