Henry County’s final property assessment equalization factor, also known as the ‘multiplier,’ remains steadfast at 1.0000, says David Harris, the Illinois Department of Revenue (IDOR) Director. This factor ensures uniform property assessments across counties to prevent significant disparities among taxpayers with comparable assets. The current equalization factor, set for 2023 taxes due in 2024, mirrors last year’s 1.0000 figure. This figure is linked to the property’s market value, which for Henry County averaged at 33.34% based on property sales from 2020 to 2022. The multiplier’s shift does not automatically impact total property tax bills, which rely on annual funding requests by local taxing bodies.
