Gary H. Smith
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(312) 236-7447
Call Us: (312) 236-7447

Recent Posts

By Gary Smith
06/17/2021

Many property owners in Cook County may have unclaimed property tax refunds or exemptions. In May, Cook County returned approximately $2.7 million in unclaimed property tax refunds and exemptions and millions more are waiting to be claimed. How to Claim […]

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By Gary Smith
06/10/2021

The Illinois House is considering a Senate bill that would provide a homestead exemption for first responders who suffer major injuries on duty. What Senate Bill 15-72 Provides This new bill, Senate Bill 15-72 would create a $5,000 homestead exemption […]

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By Gary Smith
05/25/2021

Property owners who rehab a historic home might run into issues in the rehab process—electrical rewiring or having to deal with foundation and structural repairs—but they could be saving money on their property taxes through the Property Tax Assessment Freeze […]

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By Gary Smith
05/18/2021

Commercial properties have been hard hit by the COVID-19 pandemic and are struggling to keep up with real estate taxes. Hundred of Millions Still Owed on 2019 Taxes Nearly $200 million remains outstanding for 2019 property taxes, or about 6% […]

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By Gary Smith
05/11/2021

Skyrocketing property taxes are nothing new to Cook County residents. The cumulative effect of years of high property taxes is causing residents to rethink remaining in homes even though they have completed mortgage payments. Exemptions No Help Gentrification is also […]

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By Gary Smith
04/21/2021

Property is an investment. And when high property taxes make the total cost of property ownership fall compared to value, it starts to be less of a good investment and more of a nuisance. The Cost of Living in Illinois […]

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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
03/23/2021

In Illinois, real estate taxes are paid for the year that just passed. The 2021 property tax bill is covering money owed for 2020. When a property is sold, the seller must pay the potential taxes owed the following year […]

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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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