The assessors office is currently determining the 2015 assessments of the more than 58,000 properties throughout the township. In mid- to late-September, the assessment notices will be mailed and a publication of the assessments will be in the local newspaper. Property owners may also view the assessment list on the townships website: www.dgtownship.com.
I think it is important for taxpayers to understand how assessments work, so, Id like to provide you with a basic explanation of how they work.
A property assessment represents one-third of market value, based on the prior three years of sales. That means for the year 2015, value is based on the years 2012, 2013 and 2014. In a general reassessment year, each neighborhood, subdivision, condo or townhouse complex is studied to determine the appropriate level of assessments.
The assessment is divided by 0.33, indicating the market value estimate by the assessor. If you disagree with this value, you should check with the assessors office or website to see if the details on the property record are accurate. Should you feel there is information that is inaccurate, we encourage you to address concerns or questions at the Township level before filing a formal complaint with the Board of Review.
You may discuss your questions and concerns by calling us at 630-719-6630 or emailing the assessors office at firstname.lastname@example.org. Many times issues can be resolved without filing an appeal.
If your concern cannot be settled at the assessors office, property owners have 30 days, from the date of publication, to file a complaint with the DuPage County Board of Review. A date will be set for the property owner to attend a hearing and offer evidence to the board regarding the assessment issue. All hearings take place at 421 N. County Farm Road in Wheaton.
We value all of our residents and business owners in the township. We want to hear from you and are ready and willing to listen and work with you.
Theresa Cockrell is the assessor for Downers Grove Township.