Lawrence County’s 2024 Final Multiplier Announced, Aiming for Fair Property Valuations,illinois.gov News


Lawrence County’s 2024 Final Multiplier Announced, Aiming for Fair Property Valuations

Springfield, IL – The Illinois Department of Revenue (IDOR) has officially announced the 2024 final multiplier for Lawrence County, a crucial step in ensuring fair and equitable property assessments across the region. The announcement, made on August 7, 2025, signifies the culmination of a thorough process designed to bring property assessments into alignment with the actual market value of real estate.

The property tax multiplier, often referred to as the “ratio,” is a vital tool utilized by the state to achieve uniformity in property taxation. It is calculated by comparing the assessed value of properties within a county to their approximate market value. When a county’s property assessments do not accurately reflect market trends, a multiplier is applied to either increase or decrease the assessed values to bring them in line with the state’s uniformity standards.

For Lawrence County, the final 2024 multiplier has been determined, and its specific value aims to address any existing disparities. While the exact figure is a technical detail that impacts tax calculations, its purpose is to contribute to a more just and accurate property tax system for all Lawrence County residents and businesses.

The IDOR undertakes this annual process with the objective of promoting fairness and transparency. By ensuring that properties are assessed at a consistent percentage of their market value, the state seeks to prevent any undue burden on specific property owners and maintain a level playing field within the tax structure.

Residents of Lawrence County are encouraged to familiarize themselves with this announcement. Understanding how the multiplier affects property assessments is key to comprehending their local tax obligations. Further details and any specific implications for individual property owners can typically be found through the Lawrence County Supervisor of Assessments office.

This annual announcement underscores the commitment to maintaining a sound and equitable property tax system throughout Illinois, with Lawrence County now having its finalized assessment standard for 2024.


2024 Lawrence County Final Multiplier Announced


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