local property assesment

local property assesment

Posted in the Bellaire Forum

concerned

Herrin, IL

#1 Oct 29, 2011
Just looking at the property valuation of Holly Street Tx. here in Bellaire from address 4602 -4611 and I am confused why is the value of the building at 4609 only have a value of $100.00 (look on city data web site) when the rest of the buildings are higher some in the hundreds of thousands of dollar range. Is this assesment what property taxes are based on? Why would a property with an assesment of land value of $299,000.00 have a $100.00 building assesment on it? Does it make a difference because of whom owns the property or a special relationship of the owner with the city or county government or is there a legit or legal explanation for this? Just curious and would like to know WHY, sure I am not the only one.
concerned

Herrin, IL

#2 Oct 30, 2011
I have been informed that the building is a condo and the individuals carry the building value and there is no special relationship such as a not for profit or other charity may have thank you for the info greatly appreciated was just curious

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