Gary H. Smith
Call us to cut your property taxes
(312) 236-7447
Call Us: (312) 236-7447

Recent Posts

By Gary Smith
12/23/2020

Cook County’s Treasurer Maria Pappas unveiled a report recently that shows that Cook County property taxes have doubled over the past two decades. Suburban Properties Take Biggest Hit “The Pappas Study” is an examination of the tax bills on 1.7 […]

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By Gary Smith
12/16/2020

Cook County senior citizens who are unable to pay the full amount of property tax bills can apply to be in the Senior Citizen Real Estate Tax Deferral Program offered by the Cook County Treasurer’s office. Qualifying for the Program The Senior […]

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By Gary Smith
12/09/2020

Calculating property taxes is a multifaceted process requiring input from multiple offices and many steps. Here’s a look at how the amount of property tax owed is calculated. Who Calculates Property Taxes There are five main entities involved in the preparation of […]

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By Gary Smith
11/25/2020

Even if a property is fully paid for, tax payments never end. However, some cities offer property tax abatement, also called real estate tax abatement, which can provide savings and help with the resale value of the home. What is Property Tax Abatement? In […]

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By Gary Smith
11/18/2020

Property taxes are considered ad valorem taxes. Ad valorem is the Latin phrase for “according to the value.” One important characteristic of an ad valorem tax is that it is proportional to the value of the underlying asset. This is different […]

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By Gary Smith
11/18/2020

By Dana KozlovNovember 17, 2020 at 6:24 pm CHICAGO (CBS) — In what seems like a gift from the tax collector, Chicago and north suburban homeowners have been getting letters in the mail notifying them of a pandemic-related tax break. But as […]

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By Gary Smith
11/11/2020

Each year, the Civic Federation releases its Effective Property Tax Rates report, which looks at two and 10-year trends in estimated effective tax rates for all properties—including residential, commercial, and industrial—in select northeastern communities in Illinois. The report highlights that […]

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By Gary Smith
11/06/2020

Although Sept. 11 was the deadline to apply for missing property tax exemptions on the second installment of 2019 property taxes in Cook County, property owners can still complete the paperwork as long as they’ve paid their second installment in […]

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By Gary Smith
11/06/2020

The Cook County Assessor’s Office plans to provide a COVID-19 adjustment to property values for the 2020 property tax year, to be paid in 2021. Reassessments to Reflect Rental Income Loss Cook County Assessor Fritz Kaegi is undertaking the reassessment […]

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By Gary Smith
10/15/2020

According to the Cook County Treasurer’s Office, more than 8,500 homeowners overpaid on the first installment of their property taxes and are set to receive $12.8 million in refunds. And they do not need to file an application to receive […]

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