Supervisor of Assessments
NOTICE TO VERMILION COUNTY TAXPAYERS:
ASSESSED VALUES FOR 2021
Valuation date (35 ILCS 200/9-95): January 1, 2021
Required level of assessment (35 ILCS 200/9-145): 33.33%
Valuation based on sales from (35 ILCS 200/1-155): 2018, 2019, and 2020
Publication is hereby made for equalized assessed valuations for real property in this county in accordance with 35 ILCS 200/12-10. As required by 35 ILCS 200/9-210, except for property assessed under Sections 10-110 through 10-140 and 10-170 through 10-200, the following multipliers have been applied in order to bring the respective township median level of assessments to 33.33%:
The following list contains only parcels that have had an assessment change in 2021 payable in 2022. These changes were made by the TOWNSHIP ASSESSOR and/or SUPERVISOR OF ASSESSMENTS. The assessed values herein shown are not equalized and will need to be factored by the appropriate multiplier, as indicated above, and all assessment in the county are subject to review and equalization by the VERMILION COUNTY BOARD OF REVIEW and the ILLINOIS DEPARTMENT OF REVIEW to assure 33.33% uniformity.
Assessments of property, other than farm land and coal, are required by law to be assessed at 33.33% of fair market value. You may check the accuracy of your assessment by dividing your assessed value, as indicated in this publication, by the median level of assessment of 33.33%. The resulting value should equal the estimated market value of your property. If the resulting value is greater than the estimated market value of your property, you may be over assessed. If the resulting value is less than the market value of your property, you may be under-assessed. If you feel your assessment is incorrect or is not uniform with comparable properties in the same neighborhood, you may contact your Township Assessor to review your assessment. You may file a formal complaint with the Board of Review within 30 days of this publication. The assessment complaint form can be obtained from the Supervisor of Assessments Office at 201 N. Vermilion Street, 3rd Floor, Danville, IL 61832, 8:00-4:30 M-F, 217-554-1940. Complaint Form and Board of Review Rules can also be obtained from vercounty.org.
The following is an explanation of the terms used in the assessment list: The amount below the phrase “IMPROVEMENT VALUE” denotes the assessed value of all improvements, which are the building(s), regardless of age, located on the property. The “TOTAL VALUE” column is the total assessment of the property, which includes the land assessment and the assessment of the improvement(s).
Farmland and farm buildings are not subject to equalization. The farm land values provided in this publication are the 2021 values. The farmland values for 2021 were increased $35.21/acre for cropland regardless of the Productivity Index (PI) Number and reflects the statutory changes to 35 ILCS 200/10-115(e) under Public Act 98-0109.
Exemptions – exemptions reduce the taxable value of homestead property. Exemptions are available for owner occupied, seniors 65 and over, disabled persons and disabled veterans (30% or more), recent returning veterans, and certain homestead improvements. If you own multiple residential properties be advised you may only claim the exemption on the property you own and occupy as your principal residence. 35 ILCS 200/15-165 through 15-175 and 15-180.
Your property tax bill will be calculated as follows:
Final Equalized Assessed Value – Exemptions = Taxable Assessment;
Taxable Assessment x Current Tax Rate = Total Tax Bill.
A list of assessments for Vermilion County, by township, for the current assessment year is as follows:
I, Matthew R. Long, Supervisor of Assessments of the County of Vermilion, State of Illinois, do hereby certify that the above, to the best of my knowledge, is a list of Real Property assessments changes for the above listed Townships, County of Vermilion, State of Illinois, subject to taxation for the 2021 assessment year payable in 2022.