State Representative Charlie Meier (R-Okawville) is hosting a farmland assessment meeting to discuss increasing property assessments. The meeting will be held at Windows on Broadway, 401 Broadway, Highland, IL on February 22 at 6:30 p.m.
Due, in part, to a change in the Farmland Assessment Act, all farmland assessments will continue to go up. The rate of increase will be largely dependent on the soil type. Poorer soils can expect to see a higher than 10% increase while better producing soils can expect an increase of less than 10%. This increase in assessed values will be reflected on the property tax bills payable in 2018 and for several years to come.
Representative Meier has invited Brenda Matherly, Assistant Director of Local Government with Illinois Farm Bureau®, to join him at this event and meet with landowners to explain how farmland assessments are calculated and the long-term impact on those values.
If anyone has a question about Thursday night’s meeting, please call Representative Meier’s District Office at 618-651-0405.