The property tax of this woman from Illinois is about to go from $ 756 to more than $ 10,000 – a shocking increase of 1,222%
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Land owners in the county of Montgomery, Illinois are struggling with a spectacular increase in land taxes after reassembling their bills.
Brandi Lentz told 5 on your side that she had paid $ 756 in property taxes last year on a 96 -acres of wood in the county of Montgomery. Next year, she confirmed that her property tax bill will be more than $ 10,000 – a shocking increase of 1,222% – and she is not alone.
“People will lose their property,” said the former finance president of Montgomery Co., Megan Beeler, in her interview with 5 on your side. “When you are considering an increase of 1,500%, an increase of 3,000% on goods, we will not have the capacity to maintain and pay taxes.”
The increase in property taxes comes from a 2007 law in the state requiring that the leaflets of the woods are taxed like the houses, according to the assessor of the county of Montgomery, Kendra Niehaus. Until this year, the law has not been properly implemented in the county of Montgomery. Consequently, the properties of woods are now taxed at 33.33% of their market value.
Owners can contest the evaluation through the examination board, although a resolution can be difficult due to the lack of canton assessors. The Council of Commissioners of the Comté de Montgomery recently organized a special session to respond to these concerns.
What can owners do with others? They should start by examining their evaluation details for accuracy. They can also compare recent sales of comparable properties in their region to see if their assessment is aligned with market trends. The collection of documents to support an overvaluation complaint can help build a file for a call.
Once a call has been filed, the owners can be provided for an audience to present their case. Thus, it is important to prepare a well -organized argument supported by evidence and to be aware of deadlines. Having a solid emergency fund can also help owners navigate large tax invoices without risking losing their properties.
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