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1 year ago

According to the Illinois Constitution any county with a population of 200K and over are limited to classify properties at no more than 2.5 times the lower class. In other words a business can pay 2.5 times the tax that a residential property does of equal value. Here in Winnebago county all properties are valued at the same class but different rates which are set by local municipalities. Within Rockford’s city limits are pockets of county which has a lower tax rate of 11.6802% on 1/3rd value. The city tax rate is 14.27% so the numbers are skewed for the… Read more »