Rate Breakdown

Property taxes in Montgomery County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

Authority	Avg. Rate
County General Fund	0.45%
School District (Avg)	1.20%
City / Local (Avg)	0.35%

How Property Tax Works in Montgomery County

Understanding property taxes is crucial for anyone living or owning property in Montgomery County. These taxes support schools, infrastructure, and essential services like police and fire departments. Here's a breakdown of how it all works: * **Assessment Process:** Your property's value is determined by an independent appraiser through the county's assessment office. This appraisal value forms the basis for your property tax bill. This process involves comparing your property to others in the area, considering factors like size, age, location, and market conditions. * **Mill Rate:** The "millage rate" represents a percentage applied to the assessed value of your property. The millage rate is set by the Montgomery County Board of Review at its regular meetings. This rate dictates the tax amount you will ultimately pay on your property. You can find the current millage rates for your specific township or community on the County's official website.

Available Exemptions

Montgomery County offers several exemptions to eligible residents, allowing them to reduce their property taxes. These exemptions help alleviate financial burden and ensure affordability. * **Homestead Exemption:** Provides a significant reduction in property tax for primary residences owned by seniors or individuals who meet specific income requirements. * **Senior Citizen Exemption:** Exempts qualifying senior citizens from paying a portion of their property taxes. The exemption amount depends on the homeowner's age and income level. * **Disability Exemption:** Offers tax relief to eligible individuals with disabilities who own their home as primary residence. The amount of reduction varies based on disability status and income. * **Veteran Exemption:** Provides a property tax break for veterans who meet specific criteria regarding service and eligibility.

Payment Schedule & Deadlines

Understanding your payment schedule is essential to avoid penalties. You can choose to pay your property taxes in full or in installments. * **Payment Deadlines:** The County generally requires all property taxes to be paid by December 31st of each year, but you might be able to make a partial payment before then. It's best to check the Montgomery County website or contact the county tax office for specific information regarding deadlines and any possible extensions. * **Installment Options:** The county allows for flexible payment arrangements. Most payments are accepted through online portals, mail-in forms, or in person at the County Treasurer's Office. You can find more information on available options by visiting the official website of Montgomery County or contacting their office directly. * **Late Payment Consequences:** Failure to make timely payments may result in late fees and penalties. You should always prioritize your tax obligations.

Appealing Your Assessment

If you believe your property's assessment is incorrect, you have a right to appeal. The process for appealing your assessment is outlined by the Montgomery County Board of Review. * **Filing an Appeal:** You can submit your appeal in writing to the Board of Review, outlining your reasons for disagreement with the assessment. * **Review Process:** A professional appraiser will review your case and take into account other relevant factors like your property's condition, size, age, location, and market conditions when making a decision. For more information on tax assessment appeals and payment deadlines, visit the Montgomery County website or contact their office directly. You can also find helpful resources for understanding exemptions and appealing assessments through the Illinois Department of Revenue website.