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

Recent Posts

By Gary Smith
04/14/2021

There are many things that Illinois is known for, but one for which residents wish it wasn’t, was its high property taxes. And it has once again topped the list—ranking second behind New Jersey—on the list of highest property tax […]

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By Gary Smith
04/06/2021

Cook County’s triennial assessment system means that the south suburbs are being reassessed this year, raising concerns that although residential property tax bills could drop, the commercial real estate property taxes might be inversely impacted. This could stymie the decades-long […]

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By Gary Smith
03/22/2021

Remodeling a house might cost more than just the final price bill paid to the remodeling company. It could also cause an increase in the property tax bill. Cost Vs. Value Any time a house is updated through a remodeling […]

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By Gary Smith
03/15/2021

When the property tax bill comes in the mail, taxpayers often ask, ‘What if I don’t pay this?’ And they pay—because there will be consequences. But what, exactly, are those consequences? What Is a Property Lien? When property taxes go […]

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By Gary Smith
03/08/2021

City services are funded in a variety of ways, but two of the largest sources of income are property taxes and tax revenue from the businesses operating there. COVID-19 decreased the revenue provided from businesses impacting by the pandemic, so […]

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By Gary Smith
02/24/2021

Although Cook County Assessor Fritz Kaegi sent COVID-19 adjustment letters to many Cook County property owners in late 2020, those might not have the impact property owners expect on their overall tax bill. COVID-19 Adjustments Might Not Equal Lower Tax […]

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By Gary Smith
02/17/2021

Cook County Treasurer Maria Pappas recently released a study that looked at 20 years of property tax history in Cook County and found that there has been a drastic increase over the last two decades. What the Study Shows Overall, […]

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By Gary Smith
02/15/2021

Originally published in Tax Trends (September 2020, Vol. 64 No. 3) Summary Conclusion The impact upon the individual residential property owner’s tax bill of a non-Chicago property after a 100 percent increase to the taxes of all downtown Chicago commercial […]

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By Gary Smith
02/10/2021

Construction defects not only impact a property owner because of the cost to repair the defect but also could have an impact on that property’s taxes. How a Construction Defect Could Impact Property Taxes A construction defect is a condition […]

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By Gary Smith
02/05/2021

I am pleased to announce that the Law Offices of Gary H. Smith, P.C. has joined Kovitz Shifrin Nesbit (KSN) effective January 1st, 2021. For over thirty years, our team has represented business owners, commercial property managers, industrial property owners, […]

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