Is it true that farmland assessed values are much lower than the assessed values of similar land that is not farmed?

Yes. Under the state property tax code, the assessment of farmland is based on its agricultural economic value, not its fair cash value. All 102 counties in Illinois use the same certified values provided by the Department of Revenue each year. Major factors in farmland valuation include soil productivity, crop prices, and farm loan interest rates.

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1. Does the Supervisor of Assessments supervise the Township Assessors?
2. Can I receive exemptions on more that one property?
3. Is it true that farmland assessed values are much lower than the assessed values of similar land that is not farmed?
4. I heard that in Florida, your homestead exemption is $50,000 but you only give out $6,000 exemptions. Can you raise the amount to match Florida?
5. Can I pay back the amount I saved on my house in Jackson County instead of my separate vacation home in Florida?
6. My husband and I each own a home, and we do not live together. Neither of us is named on the deed of the other’s home. Can we both qualify for the $6,000 General Homestead Exemption?
7. I did not receive my tax bill and now my taxes are delinquent and penalties and fees have been added. It is not my fault, shouldn’t the county remove the fees and penalties?
8. Will the assessment on my house increase if I put new siding on?
9. Will I be notified if my assessment changes?
10. When I get my tax bill, is it too late to appeal?
11. Are there any exemptions that provide property tax relief?
12. How can I freeze my taxes?
13. How do I change the address where my tax bills are sent and why can I not change it over the phone?