Assessing Director Larrison notes that the March Board of Review processed 49 Veteran Exemptions (48 exemptions were granted and 1 was denied due to lack of meeting qualifications) and 18 Appeals (11 were denied and 5 property assessments were reduced, 1 personal property was filed, and 1 small business exemption was approved).
In total, the Assessed Value of the Township was reduced by $15,573,263 while taxable value was reduced by $14,898,869 … most of the reduction is due to Veterans Exemptions.
The final figures are as follows:
The 2022 Assessed Value is $1,246,215,537 an increase↑ of about 5.4% over 2021
The 2022 Taxable Value is $967,588,090 an increase↑ of about 6.8% over 2021