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Generally, future property tax payments are based on the last tax bill prorated on the number of days in the year prior to the closing divided by 365 This equalization is particularly important because some of the state’s 6,600 local taxing districts overlap into two or more counties (e.g The parties involved in the transaction then can work this amount into the closing figures
A copy of the last tax bill can be obtained from the county treasurer's office. 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 legislation authorizes remote retailers to contract with certified service providers (csps) to perform their tax remittance functions
The primary responsibility of the department of revenue is to serve as the tax collection agency for state government and for local governments
The department also oversees local property tax assessments, and functions as the funding agent for the illinois housing development authority. This form is authorized as outlined by the motor fuel tax law and the environmental impact fee law Disclosure of this information is required Failure to provide information could result in a penalty
This form has been approved by the forms management center • motor fuel tax (mft) • underground. 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)
County school facility occupation tax disbursements will be made to the regional superintendent of schools Within 30 days after receiving the disbursements, the regional superintendent of schools must disburse the proceeds to each school district in the county, based upon the number of each school district’s resident pupils that reside within the county collecting the tax, divided by the. Business district tax fiscal year disbursements for fy 2006 monthly detailed disbursement amounts business district taxcurrently selected charitable games and pull tabs/jar games excise taxes income tax and local use tax personal property replacement tax sales and related taxes sales tax/tax increment financing
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