Tentatively, state again sets Grundy’s tax multiplier at 1.0000
SPRINGFIELD, Ill. — Grundy County has been issued a tentative property assessment equalization factor of 1.0000, according to Brian Hamer, Director of the Illinois Department of Revenue.
The property assessment equalization factor, often called the “multiplier”, is the method used to achieve uniform property assessments among counties, as required by law. This equalization is particularly important because some of the state’s 6,600 local taxing districts overlap into two or more counties (e.g. school districts, junior college districts, fire protection districts).
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