The final property assessment equalization factor for Bond County is .9763.
The property assessment equalization factor, often called the “multiplier,” is the method used to achieve uniform property assessments among counties, as required by law. Illinois law requires property by assessed at one-third of market value.
Assessments in Bond County are at 34.14 percent of market value, based on sales of properties in 2011, 2012, and 2013. The equalization factor is determined annually by comparing the price of individual properties sold over the past three years to the assessed value placed on those properties by the county supervisor of assessments.