Tel. (309) 467-3708
Fax (309) 467-7329
The Supervisor of Assessments DOES NOT calculate taxes, determine tax rates or collect taxes. The Assessors concern is value, not taxes.
Woodford County assesses property at 33 1/3 % of fair market value. Equalization is the application of a uniform percent increase or decrease to assessed values of various areas or classes of property to bring assessment levels, on the average, to a uniform level of market value. A study is done each year by township to compare purchase prices to assessed values to determine the percentage to be applied. That percentage is called the equalization factor.
Market value is the most probable sale price of a property in terms of money in a competitive and open market, assuming that the buyer and seller are acting prudently and knowledgeably, allowing suffcient time for the sale, and assuming that the transaction is not affected by undue pressures.
If you disagree with your assessor's estimate of value, please consider these two questions before proceeding with your complaint.
If you have any questions regarding your assessment, call or come in to the assessment office or contact your local assessor.
You may qualify for exemptions: