Gary H. Smith
Call us to cut your property taxes
(312) 236-7447
Call Us: (312) 236-7447
Cook County: 2020 Annual Property Tax Rate Released

The Cook County tax rate is determined each year using two considerations: How much money the county needs and the total assessed value of all the properties in the county. This year, Cook County determined it needed $16.1 billion. This […]

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Cook County Property Taxes: Nightmare for New Home Buyers

When planning a home renovation project, it’s easy to overlook what could be your largest source of ongoing expense—the property taxes. Make sure to include a realistic estimate when planning a remodeling budget. How Adding Square Footage Impacts Property Taxes […]

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Commercial Property Owners Are Getting Slammed in Cook County

Commercial property owners in Cook County, Illinois are getting hit hard by property tax bills that continue to soar according to a recent analysis of the 2020 tax bill. The second installment tax bills, which are due to be paid […]

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Why Did My Property Taxes Go Up in Cook County?

Cook County Treasurer Maria Pappas recently issued a report indicating that many commercial and residential property owners in the area will shoulder a greater property tax burden this year despite pandemic relief funding. There are various reasons for the significant […]

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Cook County Controversy: Will Your Property Tax Bill Be Delayed?

A number of factors have caused Cook County property tax bills to be delayed, resulting in a due date extension for taxpayers. Controversy over the Senior Citizen Assessment Freeze Exemption and whether County Assessor Fritz Kaegi’s office gave some seniors […]

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How Property Taxes Impact the Marketability of Your Home

High property taxes may be hurting the value and marketability of many homes in Chicago and the surrounding Cook County communities. On average, property taxes in the area have escalated more than four times the rate of inflation over the […]

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Senior Tax Freeze in the Heat of Summer

Cook County senior citizens over the age of 65 and with a household income of less than $65,000 a year are eligible for a property tax break called the Senior Freeze Exemption that freezes the equalized assessed value of the […]

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Is Government Debt Influencing Your Tax Hike in Illinois?

Illinois has the second-highest property tax in the nation, according to many national tax studies, and a lot of that money goes toward funding education and government pensions, per the Illinois Constitution. Now Cook County residents can see how much […]

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Is a Standardized Valuation Process on the Horizon for Chicago Properties?

There have been complaints about the property tax system in Cook County for many years, and in 2019, a new county assessor was voted in to reform the system. However, that reformation process has also caused many in the real […]

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Cook County Property Tax Incentives for New or Expanding Businesses

Chicago is providing a variety of incentives to businesses for relocating or expanding in Chicago, dependent on the size and location of the project and the number of jobs it creates. What Incentives Are Available The Tax Increment Financing, or […]

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