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Residents urge county review after steep tax revaluations on Lincoln Park North lots
Summary
Several residents told the Knox County Board that lots in the Lincoln Park North subdivision were reassessed at a developer rate after a December 2022 sale, triggering what one owner described as a roughly 12,000% tax increase; buyers said they were told taxes would remain at a farmland or preferential rate and said appeals produced only partial relief.
Kevin Krysher, who identified himself as president of Marmot Greens LLC and a Marmot Court resident, told the Knox County Board during public comment that he and several neighbors bought the Lincoln Park North subdivision in December 2022 and were surprised when the parcels were reassessed at a developer rate rather than the farmland or preferential rate they had been told would continue. "We all currently live on Marmot Court within the subdivision...In December 2022, we purchased the Lincoln Park North Subdivision for $150,000," Krysher said, adding that the tax change was explained to him as stemming from an Illinois Department of Revenue publication and that the group "would not have…
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