| Tax Cycle | Levy is a taxing body's budget minus other income |
| page 2 of 2 | sources or the amount of money to be raised from the |
| property tax. |
| 6. January to May of the next calendar year the County |
| Clerk's Office calculates the Tax Rates for each Tax Code |
| in all townships. |
| 7. May of the next calendar year the County Treasurer |
| Mails out tax bills due in two installments. The first half is |
| due June 1, and the second is due September 1 of the next |
| tax year. |
| 8. Sometime during the next calendar year usually between |
| September and December the Illinois Property Tax Appeal |
| Board conducts its hearings for appeals for the previous |
| assessment year. If a decision in favor of the property |
| page 2 of 2 | owner a tax refund will be mailed by the County Treasurer. |