HOW YOUR PROPERTY TAX DOLLARS ARE DISTRIBUTED
This example is for property owners in Belvidere Township within the City of Belvidere tax district 05005
Belvidere Township 4.8 % of tax bill (CITY) (2023 payable 2024)
Belvidere Township Road and Bridge 0.2284
Belvidere Township 0.1681
Example: (red indicates amount to Belvidere Township)
$75,000 mv /3 = $25,000 av
$25,000 – $6,000 owner occupied exemption
$21,000 X .0043711= $91.79 **
$100,000mv /3 = $33,333av
$33,333- $6,000 owner occupied exemption
$27,333 X .0043711 = $119.48 **
$150,000mv /3 = $50,000av
$50,000- $6,000 owner occupied exemption
$44,000 X .0043711 = $192.33**
$200,000mv /3 = $66,666av
$66,666- $6,000 owner occupied exemption
$60,666 X .0043711 = $265.18**
** Amount would be less if property qualifies for Senior homestead exemption, Senior freeze or other qualifying exemptions **