What is an Assessment?
An assessment involves identifying the real property within a jurisdiction, listing it, appraising it and placing a value for it on the tax rolls. This value is known as the assessment and is the basis for determining what portion of the total tax burden each property owner will bear. In Illinois, the statutory assessment level is normally one-third of the market value of a property.
This is a great time to verify the information we have on your property. You can stop by our office or visit IMSLake.org.
Verify your Information
You are likely to see township staff in your neighborhood reviewing properties. We are checking property characteristics of individual parcels, along with understanding the unique details of each area of the township.
Do you know where your property taxes go?
