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Assessors outline 2026 revaluation: exterior inspections start in October, valuations set to Jan. 1, 2026
Summary
Associated Appraisal told the board it will perform a full on‑site exterior revaluation of all taxable properties with values set as of Jan. 1, 2026. Inspectors will begin fieldwork late September/October, notices will be mailed after valuations are completed and open‑book and board‑of‑review dates were described.
Associated Appraisal presented the village’s annual assessor duties and the firm’s timeline for the 2026 revaluation at the Sept. 15 Village Board meeting. The firm detailed the process, key dates, and the public‑communications plan trustees asked staff to help execute.
Why it matters: A revaluation updates assessed values to current market levels; while a revaluation does not change the total tax levy, it reallocates the existing levy among parcels based on updated values and can therefore change individual tax bills.
Key points and timeline - Assessment date: All assessed values will be set to the market as of Jan. 1, 2026; revaluation is a statutorily required step to keep assessed values within acceptable compliance ranges. - Exterior on‑site inspections: Associated…
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