Saturday, April 22, 2006

Woodford County PropertyTax Extensions By Type

From the Ill. Dept. of Revenue, here is a breakdown of the Property Tax burden born by type of property (extensions for 2003):

County............Residential.....Farm....Commercial....Industrial...Rail Roads....Minerals

Woodford..............66%...........21%.............11%................1.7%............<.1%...........0
($ 42,728,191)
Statewide...............61%.............3%.............25%................10%............<.3%........<.1%
Cook County..........53%..........<.1%............34%................14%............<.2%............0
Collar Counties......76%..............1%............16%..................7%............<.1%.........<.1%
Rest of State..........60%............13%...........21%..................6%............<.7%.........<.2%


As you can readily see from the above, Woodford County residential property owners pay a higher share than anywhere, other than the "collar" communities, and of course, our farm owners' percentage is the highest of anywhere. Together, they paid 87% of the total extensions.

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