Property Transfers

COUNT Y NEWS

Ogle Count y f inal multiplier has been announced

Ogle County has been issued a final property assessment equalization factor of 1.0000, according to David Harris, director of the Illinois Department of Revenue.

The property assessment equalization factor, often called the “multiplier,” is the method used to achieve uniform property assessments among counties, as required by law. This equalization is particularly important because some of the state’s 6,600 local taxing districts overlap into two or more counties (e.g. school districts, junior college districts, fire protection districts). If there were no equalization among counties, substantial inequities among taxpayers with comparable properties would result.

Under a law passed in 1975, property in Illinois should be assessed at one-third of its market value. Farm property is assessed differently, with farm homesites and dwellings subject to regular assessing and equalization procedures, but with farmland assessed at one-third of its agriculture economic value. Farmland is not subject to the state equalization factor.

Assessments in Ogle County are at 33.16 percent of market value, based on sales of properties in 2018, 2019 and 2020.

The equalization factor currently being assigned is for 2021 taxes, payable in 2022. Last year’s equalization factor for the county was 1.0000.

The final assessment equalization factor was issued after a public hearing on the tentative factor. The tentative factor issued in December 2021 was 1.0000.

The equalization factor is determined annually for each county by comparing the price of individual properties sold over the past three years to the assessed value placed on those properties by the county supervisor of assessments/county assessor.

If this three-year average level of assessment is one-third of the market value, the equalization factor will be one. If the average level of assessment is greater than one-third of market value, the equalization factor will be less than one. And if the average level of assessment is less than one-third of market value, the equalization factor will be greater than one.

A change in the equalization factor does not mean total property tax bills will increase or decrease. Tax bills are determined by local taxing bodies when they request money each year to provide services to local citizens. If the amount requested by local taxing districts is not greater than the amount received in the previous year, then total property taxes will not increase even if assessments increase.

The assessed value of an individual property determines what portion of the tax burden a specific taxpayer will assume. That individual’s portion of tax responsibility is not changed by the multiplier.

PROPERTY TRANSFERS

Feb. 25 - March 4

Warranty Deeds

Youssi Real Estate Development Inc. 401k Profit Sharing Trust, also Yredi Roth 401k. Chris Youssi, trustee, to Koby Garnhart and Kirsten Cox, one parcel in Marion Township, $24,900.

Marcus and Jessica S. Bellone to Jeffrey John Pearson, 545 Mill Ridge Drive, Byron, $135,000.

Meigs Corp. to Dustin K. and Sarah A. Spears, eight parcels in Brookville Township, $4,437,560.

Meigs Corp. to Thomas D. and Karen S. Martz, two parcels on U.S. Highway 52, Polo, $1,794,500.

The late Marsdon D. Stukenberg by heirs to Michael A. and Colleen M. Stukenberg, three parcels in Maryland Township, $484,863.

Jack Pease to Brent E. and Karen K. Myers, two parcels in Byron Township, $580,00.

Jesse F. and M. Elaine Davis to Anthony Tuttle, 114 Sunnyhill Drive, Davis Junction, $130,000.

Jason R. Clark to Anita Marie Holt, 410 W. Brayton Road, Mt. Morris, $122,500.

Kathrine L., also Katherine L. Wilkinson to Jason Robert Clark and April Lynn Donegan, 1442 W. Indian Heights Drive, Oregon, $180,000.

Ira D. and Connie M. Tate to Frederick R. and Ileen K. Bergman, one parcel in Mt. Morris Township, $3,500.

Andra R. and Erik M. Tremble to Robert G. and Morgan Crouse, 8554 S. Daysville Road, Dixon, $300,000.

City of Rochelle to Ogle Lee Fire Protection District and City of Rochelle, two parcels in Flagg Township, Rochelle, $262,500.

Dorothy Lee Stahl to Shane M. and Kayla M. Pope, 1220 N. Moose Road, Mt. Morris, $232,000.

Nancy McCoy Hotchkiss Declaration Trust, Nancy McCoy Hotchkiss, trustee, to Nature Conservancy, 325 E. Stone Barn Road, Dixon, $330,000.

John L. Tofari to Mount Morris Church of the Brethren, 202 W. Center St., Mt. Morris, $62,500.

Amy E. and Roger E. Wakenight Jr. to Carol Boney, 6455 N. River Drive, Oregon, $165,000.

The late Helen Kennedy by heirs to Richard Gann, 11353 N. Mt. Morris Road, Leaf River, $909,000.

Richard Gann to Mark E. Roush Trust 716, Mark E. Roush, trustee, 11353 N. Mt. Morris Road, Leaf River, $905,631.

Estate of Helen Kennedy, the late Helen Kennedy by heirs to Matthew Gann, one parcel in Leaf River Township, $311,000.

Chad M. and Debra S. Smits to Baraka Holdings LLC, 8405 N. Kilbuck Road, Davis Junction, $310,000.

Holly Schafer, also Larson, to Dalton James Comer, 106 E. Front St., Mt. Morris, $135,000.

Strata Geologic Services Inc. to Randy and Jennifer Garman, 302 E. Dixon St., Polo, $3,000.

Thomas D. and Karen S. Martz to Dustin K. and Sarah A. Spears, three parcels on U.S. Highway 52, Polo, $0.

Dustin K. and Sarah A. Spears to Thomas D. and Karen S. Martz, two parcels on S. Wilson Mill Road, Polo, $0.

Trustee Deeds

Charles A. and Kathleen M. Hanna Revocable Trust, Mitchell Charles Hanna, trustee, to Carol A. Byers Trust, Carol A, Byers, trustee, and Perry W. Byers Revocable Trust, Perry W. Byers, trustee, one parcel in Byron Township, $448,027.

Swenson Trust 93, Dianne Kay Bailey and Gloria Lynn Stickler, trustees, to Andrew P. and Ashley L. Stickler, 10851 N. state Route 2, Byron, $91,637.

Ross Trust 2013, George Harry Ross, trustee, to Charles P. and Larraine A. Hubbard, three parcels in Lynnville Township, Lindenwood, $613,350.

Ph2640 Trust, Herbert Olujic, trustee, to Kenneth D. Lingbeck and Michael J. and Diane K. Hemmersbach, one parcel in Leaf River Township, Byron, $830,000.

Henry R. Ebert Trust, Randy D. Tate and Henry R. Ebert III, trustees, to Clifford W. and Myra J. Craven Revocable Trust, Clifford W. and Myra J. Craven, trustees, 9197 N. Conger Road, Byron, $509,696.

Henry R. Ebert Trust, Randy D. Tate and Henry R. Ebert III, trustees, to Brent E. and Karen K. Myers, 9197 N. Conger Road, Byron, $1,356,802.

Henry R. Ebert Trust, Randy D. Tate and Henry R. Ebert III, trustees, to Paul M. and Tammy J. Homman, two parcels on N. Conger Road, Byron, $121,000.

Executors Deed

Estate of Rosemary Craig, the late Rosemary Craig by executor, to Michael J. Craig, 311 W. North St., Polo, $48,880.

Deed in Trust

James R. McPherson to The 1839 Trust 119, Cynthia S. Klug and J. William Gailbreath, trustees, one parcel in Oregon-Nashua Township, $11,000.

Sheriff Deeds

Sheriff of Ogle County and Michelle J. Brown to AJ Homes LLC, 305 E. Elm St., Forreston, $18,911.

Sheriff of Ogle County, Gregory N. Regole and Joseph R. Ferland to Byron Bank, 311 E. First St. and 215 Main St., Leaf River, $0.