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What WorksTM for Government & TradeProperty Assessors Offices - Illinois Laws and RegulationsLearn about the laws and regulations governing an Illinois property Assessor.
Illinois property assessors offices laws and regulations deal with property taxes that are based on the estimated value of real property. The fair market value is the most common standard of value used in Illinois, although there are other standards, such as the foreclosure value or distressed sale value. A property tax exemption is applied by reducing a property's assessed value by a specified amount before calculating ...
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