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It has always been my understanding that property taxes should be based off the fair market value of your home and that figure is derived from what your home would bring on the open market.
This is not how the current system works.
I recently purchased a home for $72,000 (a home in very good condition, not a bank foreclosure).
It is a home the owner had on the market for over one year, trying to get a higher sale price.
The board of review changed the “fair” market va- lue from $101,000 to $92,000 (not the true market value of $72,000).
This is only one example of many.
The idea of the Peoria County Board of Review members clearly inflating market values is unethical, most likely illegal, and a slap in the face to the Peoria County residents they are suppose to serve.
I urge all Peoria County Board members and taxpayers to review the current Peoria Property Tax Board of Review members and take immediate action to move this county forward in a fair and just direction.
Brian Monge
Peoria
It has always been my understanding that property taxes should be based off the fair market value of your home and that figure is derived from what your home would bring on the open market.
This is not how the current system works.
I recently purchased a home for $72,000 (a home in very good condition, not a bank foreclosure).
It is a home the owner had on the market for over one year, trying to get a higher sale price.
The board of review changed the “fair” market va- lue from $101,000 to $92,000 (not the true market value of $72,000).
This is only one example of many.
The idea of the Peoria County Board of Review members clearly inflating market values is unethical, most likely illegal, and a slap in the face to the Peoria County residents they are suppose to serve.
I urge all Peoria County Board members and taxpayers to review the current Peoria Property Tax Board of Review members and take immediate action to move this county forward in a fair and just direction.
Brian Monge
Peoria
