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WebThe Illinois property tax cycle generally extends over a two-year period. A tax year is the year of assessment and reflects the value of real property as of January 1 of that year. The actual tax bills are paid in the year following the tax year. For example, taxes on a 2011 assessment are paid in 2012. How is real property assessed in Illinois? WebProperty Taxes Real Estate Transfer Tax – Individuals, Title Companies and Settlement Agencies MyDec at MyTax Illinois - used by individuals, title companies, and settlement … schwartzwald reformed church
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