Public Notice -2020-2121 Farmland Review Committee
BOONE COUNTY FARMLAND REVIEW COMMITTEE ANNUAL MEETING FOR 2021
The Boone County Farmland Review Committee will meet for the annual meeting and public hearing according to the ILLINOIS PROPERTY TAX CODE on Wednesday, May 27, 2020 at 9:00 A.M. in the Boone County Government Office’s Board Room at 1212 Logan Avenue, Belvidere, IL 61008. A public hearing will be held at 9:15 A.M.
The committee annually meets to receive public input on the implementation of the farmland assessments and to certify the values per productivity index from the Illinois Department of Revenue for the assessment year. The Values are developed by the Farmland Assessment Technical Advisory Committee appointed by the Director of the Illinois Department of Revenue. The values are the same throughout the State of Illinois per soil type.
The assessed value of farmland is based on the net income to the land according to land use and soil type. The values are based on a five-year average.
The committee is responsible for certifying the values from the Illinois Department of Revenue for the 2021 assessment year.