Soft Appeal Process
A Message from the Assessor
:Open now through Friday, June 17th 2016.
Senior Freeze Day: Friday April 15th 2016 from 10:00AM-2:00PM
Frankfort, IL 08/03/15
Greetings and warmest wishes to all. As the calendar
turns from July to August and brings the heat of the famous 'Dog Days'
of Summer, it also marks the end of another assessment cycle. By this
time tomorrow, every property owner in Frankfort Township will have
received an assessment change notice as mandated by the fact that 2015
is a quadrennial assessment year. This means that every four years,
assessment officials throughout the state are required to review every
property in their jurisdiction and value all equitably and with regard
to valuations indicated by the three previous year's sales.
During these past several years every homeowner in America has been a passenger on what
can only be described as a 'Wild Ride' in the housing and other Real
Estate markets. Even though the past two years have seen a moderate
return to value and normalization, changes in legislation requiring
assessing officers and the Illinois Department of Revenue to utilize
foreclosures and other distressed sales have created an environment wherein Will County was required by Springfield to increase assessments equally across the township by 0.7%.
This so-called 'Equalization Factor' is applied every year in an
attempt to square assessed values with verified sales and in most recent
years was a negative factor resulting in an overall reduction in
In keeping with my Prime Directive of providing uniform, equitable and
fair assessments my office and I conducted a thorough review and
concluded that property assessments were high enough in 2015 (and in
fact after issuing a great many reductions); and chose to turn in the
books by deliberately choosing to not increase assessments as much as
Springfield would have it. As such, an equalization factor was applied
throughout the township and very likely accounts for the modest increase
on your assessment.
In closing, there is one additional and important point I would like to
make. Since all homeowners in the Township saw their assessments go up
by the same amount this has absolutely no bearing on your tax bill in any way.
Taxes are a function of funds levied by each taxing authority
(eg. Schools, Fire Protection, Library etc..) vs the Equalized Assessed
Value of the township. Since all properties went up the same amount
this will have no effect on your tax bill due next May.
Despite all of our best efforts, there will always be cases where
property owners find fault with their assessment. In any and all cases,
we welcome and encourage homeowners to exercise their Due Process and
file a formal appeal. Given that the deadline for filing an appeal with
the Will County Board of Review falls on 09/04/2015 and is fast
approaching, I would advise all those wishing to contact this office
seeking a revised assessment first fill out the paperwork for a formal appeal
. Once the paperwork is filled out and a case is made concerning
your assessment I will be happy to meet with you to discuss your
assessment. The reason I strongly advise all homeowners to first
complete the appeal form is to ensure that your concerns are addressed
and that the deadline for filing an appeal is not missed.
As always, continuing to serve the people of Frankfort Township is my
extreme pleasure. Please do not hesitate to contact my office at
815-464-3180 if there is anything we can do to assist.
Joseph N. Kral