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The property tax typically produces the required revenue for municipalities' tax levies. One disadvantage to the taxpayer is that the tax liability is fixed, while the taxpayer's income is not. The tax is administered at the local government level. Many states impose limits on how local jurisdictions may tax property.
The assessment leads to an "assessed value," which is a base number used in the calculation of the property tax. There is a relationship between the assessed value and the tax liability. The higher the assessment, the higher the tax bill. In some jurisdictions, the assessed value is meant to equal the market value of a property. In other areas ...
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The average property tax rate is 0.56%, one of the lowest rates in the country. The average homeowner will pay around $1,707 - more than $1,000 less than the national average.
Download QR code; Print/export Download as PDF; Printable version; ... move to sidebar hide. Worth Township may refer to: Illinois Worth Township, Cook County ...
Worth Township is located in Woodford County, Illinois. As of the 2010 census, its population was 8,741 and it contained 3,212 housing units. As of the 2010 census, its population was 8,741 and it contained 3,212 housing units.
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