Gary H. Smith
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(312) 236-7447
Call Us: (312) 236-7447
What You Should Know About Cook County’s 2019 Tax Rates

Cook County recently released its 2019 property tax rates, which are used to determine the tax bill. The numbers are often a mystery, but property owners should know what the numbers mean and how the money is being used. The […]

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How Property Taxes Are Crushing Illinois Businesses?

High property taxes have been discussed for years as the reason why Illinois residents are fleeing the state. And reports are showing the monetary shortfall from commercial building sales as well. Investors Look Elsewhere for Property High property taxes are […]

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How Are Commercial Properties Valued in Illinois

Illinois property taxes are a labyrinth of numbers. For commercial properties, especially, it is often unclear how the value is assessed to arrive at the property tax amount. There are a number of considerations the Cook County Assessor’s department uses […]

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What is the Cook County Property Tax “COVID-19 Adjustment”?

In order to help Cook County property owners during this global pandemic, Cook County Assessor Fritz Kaegi’s office has applied a “COVID-19” adjustment to property values. How Residential Properties Will be Adjusted The Assessor’s Office’s actions come on the heels […]

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Illinois Property Taxes Are Crushing the Middle Class

A new Kiplinger report rates Illinois as the least tax-friendly state in the country, especially for homeowners. Illinois has the second-highest property taxes in the nation, at an average of 2 percent of the home’s value. Reduce Property Taxes Through […]

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Illinois Counties are Offering a Variety of Tax Relief Policies

With the COVID-19 pandemic, residential and commercial property owners have concerns about paying the property tax bill that will be sent this summer. How Counties are Handling Property Tax Bills On the commercial property side, there is concern that rent […]

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Delinquent Cook County Property Tax Auctions to Be Delayed

Although scheduled to begin May 8, 2020, a Cook County Circuit Court judge postponed the Annual Tax Sale of delinquent properties because of the coronavirus, per the emergency motion filed by Cook County Treasurer Maria Pappas. Cook County Treasurer Files […]

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What New Homeowners Should Know About the Assessment Process

New homeowners rarely think about how the assessor’s office arrives at their taxes once they close on a home. But once the first tax bill comes in the mail, there might be some questions as to how that amount is […]

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Property Tax Late Fees Postponed

As we advised our clients in our May Newsletter, we had proposed that Cook County allow financially stressed taxpayers a penalty-free extension to pay their second installment tax bills in response to the COVID-19 crisis. We are very pleased to […]

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Covid-19 Considerations as Cook County Assessor Reopens Calendar

As the effects of the Covid-19 pandemic continue to reverberate throughout our society, The Law Offices of Gary H. Smith, P.C. remains fully committed to working on your property tax matters. We want to make sure that you know we are […]

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