Attention Nunda Township Property Owners
August 10, 2017 The 2017 Nunda Township Assessment Roll has been certified to the McHenry County Supervisor of Assessments and will be published August 16, 2017, the assessment notices will be mailed out by the McHenry County Supervisor of Assessment around August 14, 2017, and the deadline for filing an appeal will be September 15, 2017.
Although the publication will not occur until next week, Nunda Township will be conducting informal reviews beginning today as well as during the 30 day appeal period. If you believe your property is over assessed in relationship to market value or not uniformly assessed, please feel free to bring your information to our office and we will be happy to review your information. If we arrive at a similar conclusion, we will take the appropriate action at our level.
Nunda Township has received a Township Equalization Factor of 1.0481. (Each property in the township is subject to equalization, except some portions of Farm properties, as well as some other property assessment types)
The equalization factor is determined by the Illinois Department of Revenue based on a three year Sales Ratio Study which analyzes the arms’ length sales that have occurred in 2014, 2015 and 2016 and compares them with the previous year’s assessment. Nunda Township and the McHenry County Supervisor of Assessments work hand in hand to ensure only sales that meet very strict criteria are used in the sales ratio study.
The 2017 Equalization Factor of 1.0481 indicates that Nunda Township has a three year average level of assessment of 31.80%. A statutory level of 33.33% is required. In order to correct the under assessment the factor of 1.0481 is required.
If you believe the application of this factor will cause your property to become over assessed in relationship to the property’s Market Value as of January 1, 2017, you may appeal the assessment.
In addition, if after reviewing your property’s 2017 Equalized Assessment and comparing it with other like properties you feel your property is not assessed in a similar manner, you may also appeal the assessment.
Please note 2017 is a Non-General Assessment year which means for the most part, only changes made to properties for new construction, demolition, mapping changes etc. will be published in the paper.
Since the majority of all assessments in Nunda Township will receive an increase in their assessment based on the 2017 Equalization Factor of 1.0481, each property owner’s share of the tax burden in Nunda Township should remain relatively the same for the next year’s property tax bills. (Absent any new referendums).
If you have any questions or need assistance please feel free to contact our office.