GENEVA – Kane County Clerk John A. Cunningham certified the tax extension to the county treasurer on Tuesday, which means property tax bills will go out on time.
The total number of taxable county parcels increased from 192,297 in 2011 to 192,415 in 2012, and the total taxes extended to all districts also increased slightly from $1,161,121,749 to $1,188,768,595.
Given the slow real estate market recovery, the total county EAV, or “equalized assessed value,” declined from $13,770,900,912 to $12,767,733,366 over the same period.
The number of exemptions granted (senior citizens, senior citizen tax freeze, home improvement, homestead exemption, disabled citizens) also increased from 156,878 in 2011 to 157,647 in 2012.
“The township assessors, Supervisor of Assessments Mark Armstrong and County Treasurer Dave Rickert deserve a lot of credit for implementing our new tax procedures,” Cunningham said in a news release. “This has resulted in a greater collection and disbursement of tax revenue, which means local units of government don’t have to pay interest on tax anticipation bonds to run the schools.”
For information about tax extension, call Director of Tax Extension and Vital Records Susan Ericson at 630-232-5964.