Property Tax Breakdown 2022 – Payable 2023
The Tax Formula – How It is Determined
The Assessor is mandated by the State of Illinois to assess real property at 1/3 of its fair market value. This assessed amount, minus any applicable exemptions, is then used to determine the total property tax amount due, based on the total tax rate.
The total tax rate is the sum of the individual tax rates for the local taxing bodies in your area. These include your school district, park district, city and/or county, etc. These taxing bodies use property tax revenues to pay for the services they provide in their districts. Local public school districts typically receive the largest portion of your property tax dollars. (See List Below)
Make your thoughts and feelings known regarding local property tax rates and how your tax dollars are being spent. Attend meetings held by the local taxing districts to voice your opinion or call them at the numbers provided below and let the local officials know how you feel.
| Taxing District | Tax Rate % | % Change | Phone Number |
| District 100 Schools | 5.5099 | -0.194 | 815-544-0301 |
| City of Belvidere | 1.2274 | -0.024 | 815-544-2612 |
| Boone County | 0.9340 | -0.043 | 815-547-4770 |
| Rock Valley College | 0.4604 | -0.019 | 815-921-7821 |
| Belvidere Park District | 0.5293 | -0.015 | 815-547-5711 |
| Belvidere Township Roads | 0.2284 | -0.014 | 815-544-2029 |
| Belvidere Township | 0.1681 | -0.019 | 815-544-2027 |
| Ida Public Library | 0.1850 | -0.0065 | 815-544-3838 |
| Boone County Conservation | 0.0957 | -0.0025 | 815-547-7935 |
| Boone County Historical Museum | 0.0168 | -0.0004 | 815-544-8391 |
| TOTAL TAX RATE | 9.3484 | -0.2636 |
This example is for property owners in Belvidere Township within the City of Belvidere Tax District 05005. % of change is from 2021 payable 2022 to 2022 payable 2023
What can you do to control your property tax bill?
So much of the process behind the determination of how much we as property owners pay in property taxes is beyond the control of the property owners; however, the most important step property owners can take is to be certain that their property records are accurate. Also, property owners need to be sure that they are receiving all available exemptions that they qualify for.
Monitor your Taxing Districts.
Property owners need to understand that it is not the Belvidere Township Assessor who determines how much property tax property owners pay; while the value that the assessor places on a property ultimately does affect your total tax bill, the actual tax rates are determined by other governmental bodies. The total tax bill that property owners receive is comprised of many different taxing bodies that each get a portion of that total tax amount. Please look at your tax bills carefully to realize who these different taxing bodies are in your tax district. The local school districts are the taxing body usually collecting the largest portion of your tax dollars. All taxing body board meetings are open to the public; it may be wise to express your feelings as a property tax payer if you feel that a particular taxing body is putting too much of a burden on the property owner.