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Board of Review sees large assessed-value reductions; assessor flags Walmart appeals and state equalizer risk
Summary
Miss McKenna reported roughly $1.6 million in assessed-value reductions at final review so far, cited heavy residential appeals in specific townships, and said Walmart is filing appeals across Illinois; she warned reductions could trigger a state equalizer that would affect county reimbursement rates.
Miss McKenna said final Board of Review hearings are underway and that, to date, final reviews have lowered assessed value by about $1,600,000. She said reductions have been concentrated in townships including Middleport, LOTA and Belmont and that residential properties accounted for the largest number of…
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