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What is the purpose of the assessor’s bonus and who qualifies for it?
- Three-year average of the median level of assessment - not more than 35.33% and not less than 31.33% of fair cash value of property within the assessment jurisdiction.
- A coefficient of dispersion (COD) not greater than 15.00%.
- Three-year average of the median level of assessment - not more than 35.33% and not less than 31.33% of fair cash value of property within the assessment jurisdiction.
- A coefficient of dispersion not greater than 30.00%.
The assessor’s bonus is a $3,000 performance incentive to encourage assessors to assess property uniformly and to encourage the township assessor to reassess township property. A township assessor may not qualify for the bonus if changes in the township’s assessment level are the result of a township multiplier applied by the supervisor of assessments. The bonus is $3,000 minus payroll taxes (e.g., federal and state taxes) and IMRF contributions.
The applicant must be the elected or appointed township or multi-township assessor, or supervisor of assessments for the jurisdiction. Individuals on contract to assess property for a township are not eligible. Additional qualifications are based on county population.
Counties with less than 3,000,000 but more than 50,000 inhabitants:
Counties with 50,000 or less inhabitants:
See our Stipend and Reimbursement Programs web page for more information.