Illinois DOR Announces 2022 Tentative Property Tax Multiplier for Edwards County

The Illinois Department of Revenue May 16 announced Edwards County’s tentative property assessment equalization factor, also called the “multiplier,” for property tax purposes. The announcement includes: 1) the tentative equalization factor is 0.9666 for 2022 property taxes payable in 2023; 2) the equalization factor is the method used to achieve uniform property assessments among counties; 3) sale prices of individual properties sold in the past three years are compared to the assessed values placed on those properties to determine the annual multiplier for each county; 4) the current assessments in the county are at 34.48 percent of market value; and ...