Public Accountability Report
| 2025 Property Tax Oversight and Allocations to Local Governments | |||||
|---|---|---|---|---|---|
| Mission Statement | The Department of Revenue oversees the state's local property tax system. | ||||
| Program Goals and Objectives |
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| Source of Funds | General Revenue Fund, Motor Fuel Tax Fund, Tax Compliance and Administration Fund, Personal Property Tax Replacement Fund, Senior Citizens Real Estate Deferred Tax Revolving Fund | Statutory Authority | 35 ILCS | ||
| Fiscal Year 2026 Target/Projected | Fiscal Year 2025 Actual | Fiscal Year 2025 Target/Projected | Fiscal Year 2024 Actual | Fiscal Year 2023 Actual | |
|---|---|---|---|---|---|
| Input Indicators | |||||
| Total expenditures - all sources (in thousands) | $ 17,155.8 | $ 12,386.5 | $ 16,497.4 | $ 11,987.1 | $ 11,120.6 |
| Total expenditures - state appropriated funds (in thousands) | $ 17,155.8 | $ 12,386.5 | $ 16,497.4 | $ 11,987.1 | $ 11,120.6 |
| Average monthly full-time equivalents | 36.0 | 36.0 | 36.0 | 36.0 | 36.0 |
| Total expenditures - operations (state appropriated funds) (in thousands) | $ 4,792.8 | $ 4,252.5 | $ 4,385.4 | $ 4,252.5 | $ 3,688.8 |
| Total expenditures - grants and refunds (state appropriated funds) (in thousands) | $ 12,363.0 | $ 8,134.0 | $ 12,112.0 | $ 7,734.5 | $ 7,431.7 |
| Outcome Indicators | |||||
| Number of months IDOR allocated money to local governments by the 25th of the following month as established by statute ($8.6 billion allocated on an annual basis) | 12.0 | 12.0 | 12.0 | 12.0 | 12.0 |
| Percentage of timely filed Sales Tax Exemption renewal applications processed prior to the renewal date | 99.50% | 100.00% | 99.50% | 100.00% | 100.00% |
| Percentage of property tax inquiries (MyDec) from local governments answered within one business day of receipt | 99.50% | 99.50% | 98.00% | 99.70% | 98.40% |
| Average number of days to calculate final Property Tax Equalization Factor | 13.0 | 11.5 | 22.0 | 21.0 | 12.7 |
