Gary H. Smith
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(312) 236-7447
Call Us: (312) 236-7447
How the Foreclosure Crisis Played a Role in the Rise of Your Property Tax Bill
By Gary Smith
02/14/2020

Predatory lending practices by mortgage giant Bank of America could be partially to blame for the foreclosure crisis that caused property tax bills to spike in Cook County. How the Foreclosure Prevented Property Tax Collections In the wake of the […]

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Unfair Property Tax Assessments Burden Commercial and Residential Landlords in Cook County
By Gary Smith
02/07/2020

Many landlords for commercial and residential properties in Cook County are burdened by unfair property tax assessments that prevent them from adequately servicing their tenants. While Kaegi’s recent push to improve the accuracy of the county’s assessment process through transparency […]

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Here’s How Your Property Tax Bill Is Calculated
By Gary Smith
01/21/2020

The dollars collected from property taxes are used to fund a number of state and local services, including education, transportation, emergency, parks, and libraries. How those dollars are calculated involves a variety of entities and a lot of math. How […]

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Get Prepared Cook County Property Owners: Your Tax Bill Is Ready
By Gary Smith
01/14/2020

Cook County first installment property tax bills which are due on March 3, 2020, are now available online. This year’s first installment bill was calculated at 55% of last year’s total bill. To find the property’s tax bill on the […]

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Year in Review: Cook County Property Tax Assessment Reform
By Gary Smith
01/07/2020

It has been one year since Fritz Kaegi took over the Cook County Assessor’s office, and since then, he has instituted reforms, including transparency and uniformity in estimating the fair market value of each property. Commercial Property Assessments See Big […]

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Do You Need Help Understanding Your Assessment?
By Gary Smith
12/27/2019

When the property tax bill comes each year, it’s hard to focus on any other number except for the amount owed, but it’s important for taxpayers to understand how the county arrives at that bottom-line amount. How an Assessment Is […]

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Here’s How Your Estimated Property Tax Bill Is Calculated
By Gary Smith
12/19/2019

There is a lot of work behind the scenes that goes into how each property tax bill is calculated. For one portion of the county, this will be the first bill under the new assessment system introduced by Cook County […]

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Hundreds of Millions in Property Tax Breaks for Nonprofit Hospitals Are at Stake
By Gary Smith
12/12/2019

In a case in front of the Illinois Supreme Court, groups are challenging the state’s law that provides property tax exemptions to area not-for-profit hospitals in return for them providing free or discounted services to poor and underinsured people. However, […]

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Tax Relief for Spouses of Fallen First Responders
By Gary Smith
11/25/2019

As Cook County awaits the verdict on whether there will be another property tax increase, spouses of fallen first responders in Chicago are receiving some tax relief. Chicago’s City Council approved a new ordinance that provides property tax abatements for […]

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Cook County Property Owners: Where Are Your Tax Dollars Going?
By Gary Smith
11/18/2019

When Cook County property owners receive their tax bill each year, it’s hard to remember those dollars are used to fund various municipal offices, administrative costs and various government entities, which includes public schools, libraries, and often park district systems. […]

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