•December 23, 2020•
Moultrie County has been issued a tentative property assessment equalization factor of 1.0000, according to David Harris, Director of Illinois Department of Revenue.
The property assessment equalization factor, often called the “multiplier”, is the method used to achieve uniform property assessments among counties, as required by law. This equalization is particularly important because some of the state’s 6,600 local taxing districts overlap into two or more counties (e.g. school districts, junior college districts, fire protection districts). If there were no equalization among counties, substantial inequities among taxpayers with comparable properties would result.     Login or Subscribe to read the rest of this story.