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Monee Township
Food Pantry & more!
26121 Egyptian Trail
- Monee, Illinois -
Phone: 708 534-6020
Village of
University
Park
698 Burnham Drive
University Park, IL 60484
708 534-6451
Hours: M - F 9:00 am - 5:30 pm
www.university-park-il.com
VILLAGE of
MONEE
5130 W. Court St.
Monee, IL 60449
708-534-8301
708-534-6862 Fax
www.villageofmonee.org
State of Illinois
Department on Aging
Senior Circuit Breaker,
License Plate,
Sr. Discount,
Prescription Drug
Assistance & more!
Tax Bill Information
Will County
Supervisor of Assessments
302 N. Chicago St
2nd Floor
Joliet, Illinois 60432
www.willcountysoa.com
Countywide
Property & property Sale Information
Assessments
815-740-4648
Mapping
815-740-4664
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| Level of Assessment | In the State of Illinois in all counties except Cook County, Real Property is assessed at 1/3 of Market Value. (Market Value multiplied by .3333) Conversely than the estimated Market Value the assessor has placed on a property except farmland can be calculated by multiplying the total assessed value by 3 or dividing it by .3333. Farmland is an exception because it is assessed according to the income producing capabilities of various soil types. |
| Market Value | The State of Illinois Department of Revenue definition of "Market Value" is paraphrased as follows: The most probable price in terms of money the property would bring exposed for sale for a reasonable length of time in the open market in an arms length transaction between a willing and knowledgeable buyer and a willing and knowledgeable seller. (some examples of non market value sales: sale between related parties, forced sales due to foreclosure. |
| Tax Rate | The Tax Rate is determined by dividing the Levy (the amount of money the various taxing bodies budget against the property tax) by the Total Equalized Assessed Value of the Township. Equalized Assessed Value (EAV) is the Total Assessed Value minus all exemptions Example: Levy = $8,000,000 EAV = 100,000,000 8,000,000 divided by 100,000,000 = Tax Rate of .08 or 8% or $8 per $100 of assessed value |
| | Example: EAV = 30,000 x .08 = $2,400 Tax Bill |
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