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Mazon, IL | At an average PI of 111, using my tax rate of 7.86671 the tax would be $36.87. Currently the approved assessed value is 33.67% of EAV. If the state goal is to make the approved value equal to the EAV then that tax would be $109.50. The state provided net land return for this PI is $197.93.
In Grundy County, where I live the average PI is 116 which will have a tax of $41.14. The approved assessment value is currently 35.14% of EAV. If this went to 100% the tax would be $117.07
Edit to add:
Sorry, this was supposed to be a reply to High Crop.
Edited by SEBneil 6/16/2022 14:18
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Illinois farmland property taxes
