Lawrence County has been assigned a final property assessment equalization factor of 1 according to the Illinois Department of Revenue. The factor also known as the multiplier is the method used to achieve uniform property assessments among Illinois counties as required by state law. Property in Illinois is assessed at 1/3rd of its market value while Illinois farmland is assessed differently. Assessments in Lawrence County are at 32.87% of market value based on the sale of properties in the county in 2016, 2017 and 2018. The factor assigned is for 2019 taxes payable in 2020.