2010 Boone County assessment appears in the Tuesday, Oct. 26 Belvidere Daily Republican.
The publication list is made up of the changes in assessments made by the Boone County Township Assessors
The Illinois Property Tax Code requires the assessed value to be determined on the three previous years of sales compared to the three previous years of assessments. The assessment cannot drop as quickly as the market currently indicates.
According to the Illinois Department of Revenue for 2010, the assessed value of residential, including farm residential, commercial and industrial property in Boone County had to be reduced by just over 7 percent based on the 3 previous years of sales compared to assessed values to be at 33.33 percent of value
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