One common misconception is that when your property assessment increases, the Kane County Board gets more money. Not true.
Here’s how it really works:
- Local taxing bodies each request a fixed levy (total dollar amount).
- Your assessment affects how much of that levy you pay, not how big the levy is.
- Even if your assessed value goes up, the total dollar amount each taxing body receives does not automatically increase unless they vote to raise their levy.
