Property tax bills aren’t written in stone and can be appealed if the property owners feel the value assessed on the property is too high. This holds true for residential properties and commercial and industrial properties as well. It is estimated that 30 to 60… Read More »Millions of Dollars to Be Saved By Chicago’s Property Owners
Property tax bills use a computer modeling system to assess property values in Cook County, and years of inaccurate assessments, many of which have not been appealed, have led to unnecessary high taxes for many property owners. Because property tax bills are calculated using the… Read More »Property Tax System Results in Inaccuracies By Nature
Although most property tax appeals are successful, there are a few reasons people do not get their property taxes lowered. The arrival of property tax bills in Cook County brings about angst, anger, and anxiety, but property owners who miss deadlines, do not gather factual… Read More »Why People in Chicago Don’t Get Their Property Taxes Lowered
Many Cook County property owners are paying more than their fair share in property taxes because of inaccurate assessments. Erroneous assumptions about property condition, commercial, industrial or residential usage, and how properties compare to other, similar properties in the area often result in the unfair… Read More »Are You Paying More Than Your Fair Share in Chicago Property Taxes?
Inaccurate property tax assessments can have a substantial impact on an entire community, sometimes leading to overpriced property listings for buyers and sellers, unfair distribution of the tax burden in Cook County, and higher tax costs that are often passed on to local consumers, renters… Read More »Inaccurate Property Tax Valuations Impact Your Entire Community
In Cook County, residential properties are taxed using computer valuation programs, but industrial and commercial properties are completed individually using spreadsheets that group properties by neighborhood. This system creates room for error that commercial property owners can use to appeal their tax bill. How Commercial… Read More »Chicago Property Tax Assessments: Considerable Relief May Be Available
When a mistake happens on a commercial property tax assessment, where the dollar amounts are high, that error proves costly. It is therefore particularly important for a commercial property owner to remain vigilant when considering property taxes. Errors by the Assessor are not just what… Read More »Errors in Commercial Property Tax Assessments Could Be Worth Millions
If a home or commercial building has been vacant for more than a month, it’s possible to get a property tax reduction. Although there are some similarities in the approach to appealing for vacancy on a residential and commercial property, there are also many differences.… Read More »Can You Get Property Tax Relief Based on Vacancy?
The Cook County Assessor’s office values commercial properties using several factors, including how many parcels a property contains, the location, the vacancy rates, and the property’s use. If a building owner doesn’t agree with the assessment, the property owner can appeal the assessment, which is… Read More »How Commercial Property Is Assessed In Cook County
Property owners in Cook County could be paying double property taxes due to something called PIN slamming. In some cases, homeowners might even owe back taxes on these hidden PINs. How to Read a PIN Each parcel of land that is taxed receives a property… Read More »Are You Paying Double Due to Hidden Property Taxes?