Property Assessments Set to Rise Across Washington Township

Article Summary: Washington Township Assessor Pat Peters has advised residents that property assessments are expected to rise for nearly every property in the township. The increase is due to a multiplier being applied by Will County based on a three-year study of property sales.

Property Assessment Changes Key Points:

• Will County will apply a multiplier to all property assessments, which will likely increase their values.

• The multiplier is based on a three-year study of real estate sales data.

• Assessor Pat Peters announced she will be available at the local Farmers Market on Saturday to answer residents’ questions.

• The period for residents to challenge or make changes to their property assessments has now closed.

BEECHER – Property owners in Washington Township should brace for higher property assessments, according to a report from Assessor Pat Peters at the July 7 township board meeting.

Peters announced that the window for making changes to property assessments for the current year has now closed. She informed the board that Will County is preparing to apply a multiplier to all assessments township-wide. This adjustment, based on a three-year study of property sales, is expected to raise the assessed value of nearly all properties in the township.

An increase in a property’s assessed value can lead to a higher tax bill, depending on the tax rates set by local governing bodies like schools and municipalities.

To help residents understand the changes, Peters will be available to the public at the Washington Township booth at the local Farmers Market on Saturday. She noted that many residents typically stop by the booth to ask questions and pick up informational handouts.