Throughout the county we have seen a rapid decline in Real Estate values, however the assessed value for most properties in Will County went up of stayed the same. Property taxes are calculated on the assessed value of property. Property assessment provides the basis for determining each person’s fair share of taxes in proportion to the amount his or her individual property is worth. Do you know what the assessed value of your property is? Do you believe the assessed value of your property is fair?
You can find the Assessed Value of your property here http://www.wheatlandtownship.com/sd/wlt/AssessorDB/Search.aspx (multiply the assessed buye by 3 to get the estimated market value).