If you believe that your property is incorrectly assessed, you should exercise your right to file an appeal with the McHenry County Board of Review. There are specific forms that need to be filed within a specific time frame. Generally, you will need to provide evidence supporting your contention that your assessment is incorrect. The three most common reasons for appeal are:
For an appeal based on market value, evidence can consist of:
The key is to provide evidence using properties that very closely resemble yours, in similar neighborhoods. Imagine if a buyer was looking at your home, what other homes would they consider in a similar neighborhood? It is usually best to use a style of home that is the same as yours (ranch, 2 story, split level, etc.) or same type of property (apartment building; restaurant, etc.). Whatever evidence you submit will be looked at along with any that is submitted by my office.
For an appeal based on equity, evidence would consist of:
For an appeal based on incorrect property information:
Previously, if you thought your assessment was incorrect, you were allowed to bring your evidence into the assessment office and have it reviewed on the spot.
Everyone will be required to file a formal appeal with the Board of Review.
We have implemented this policy for the following reasons: