Real Estate Tax Cycle

Below you will find how the Property Tax Cycle works in Knox County, IL

ASSESSOR

-ESTABLISHES VALUES

-APPROVES EXEMPTIONS

-UPDATES NAME AND ADDRESS INFORMATION

-WORKS SPLITS AND COMBINATIONS

-FORWARDS THIS INFORMATION TO THE COUNTY CLERK

COUNTY CLERK

-ESTABLISHES THE RATES

-MONITORS THE TIF AND ENTERPRISE ABATEMENTS

-CALCULATES THE TAX DOLLAR AMOUNTS

-FORWARDS THIS INFORMATION TO THE TREASURER

TREASURER

-PRINTS AND MAILS TAX BILLS

-COLLECTS TAX DOLLARS

-DISTRIBUTES TAX DOLLARS TO TAXING BODIES

-CONDUCTS DELINQUENT TAX SALE