This Illinois woman’s property tax is poised to jump from $756 to over $10,000.

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Landowners in Montgomery County, Illinois, are tackling a dramatic surge in property taxes after reevaluating the bill.

Brandi Lentz said he paid $756 in property taxes last year in Montgomery County’s 96-acre woodland and took No. 5 to your side last year. Next year, she has confirmed that her property tax bill will exceed $10,000. This is a shocking 1,222% increase and she is not alone.

“People will lose their wealth,” Megan Bealer, former Montgomery finance chair, said in an interview with your side five. “If you see a 1,500% increase, a 3,000% increase in property, you don’t have the ability to maintain and pay taxes.”

The increase in property taxes stems from a 2007 state law requiring forest areas to be taxed like homes, according to Montgomery County assessor Kendra Neehaus. Until this year, the law was not properly enforced in Montgomery County. As a result, Woodland property is currently taxed at 33.33% of its market value.

Property owners can challenge their assessments through the review board, but the resolution can be difficult due to a lack of township evaluators. The Montgomery County Commissioner Committee recently held a special session to address these concerns.

What else can a property owner do? You should start by looking at the details of the assessment for accuracy. You can also compare recent sales of regional comparable properties to see if the valuation matches market trends. Gathering documents to support overestimation claims can help to construct cases for appeals.

Once an appeal is filed, the owner may be scheduled for hearing. Therefore, it is important to prepare well-organized discussions supported by evidence and to keep a close eye on deadlines. Having strong emergency funds also helps homeowners navigate large tax bills without risking losing their property.

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