Tax Structure

Area Tax Structure is based upon the Fair Cash Value of a parcel and its improvements as established by the Township Assessor and the Lee County Supervisor of Assessments.

Assessed Value for tax purposes is one-third (1/3) of the Fair Cash Value.

A State Multiplier is then applied to establish the property's Equalized Assed Value. The State Multiplier for South Dixon Township for Tax Year 2009 taxes Payable in 2010 was 1.000.

Any eligible exemptions and adjustments including Owner Occupied Exemption; Senior Exemption; SAF Exemption; Farm Land and; Farm Buildings are then factored in to establish Net Taxable Value.

Net Taxable Value is then multiplied times the Total Tax Rate (Sum of the individual rates of the Taxing Bodies) and divided by 100 to equal the Current Tax.

Any Drainage Tax applicable or Back Taxes are added in and any Enterprise Zone or Industrial Tax Abatements are then deducted to yield the Total Tax Due.

Total Tax Rate for properties in the Lee County Business Park for the past three years was:

A Residential Example for a lot and home with a $100,000 Fair Cash Value and Owner Occupied Exemption (OOE) would then be calculated as follows: