Illinois DOR Announces 2022 Tentative Property Tax Multiplier for Sangamon County

The Illinois Department of Revenue Jan. 17 announced Sangamon County’s tentative property assessment equalization factor, also called the “multiplier,” for property tax purposes. The announcement includes: 1) the tentative equalization factor is 1.0419 for 2022 property taxes payable in 2023; 2) the equalization factor is 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 of those properties to determine the annual multiplier for each county; 4) the current assessments in the county are at 31.99 percent of market value; and 5) state law ...