Instead of removing appliances to make a home seem uninhabitable, there are legal ways to lower a property’s assessment which may, in turn, reduce taxes. During the campaign season, much has been made of the alleged scandal involving our Goveneror […]
The unintended consequences of the trio of property tax breaks pushed through by state lawmakers in 2017 are now getting felt by South suburban Chicago. These tax breaks were supposed to ease the burden, especially on senior citizens, of Chicago […]
Tax hikes are hitting small apartment building owners as properties within the city of Chicago were reassessed this year, which, in turn, will impact renters. According to a spot survey by The Home Front, assessment increased 40 to 112 percent […]
Skyrocketing assessments are hitting property owners hard in Cook County this year and people are pushing for change. Cook County is divided into three sections for property tax purposes, and home values are reassessed on a triennial system within those […]
If congressional leaders adopt a 1 percent statewide residential property tax to shore up the state’s pension debt, Illinois’ property tax burden would be the highest in the country. Illinois currently ranks 45th in the nation for its property tax […]
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 […]
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 […]
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 […]
There has been much discussion this political season about a major study which reviewed the quality of residential property assessments in Cook County. The Civic Consulting Alliance, a not-for-profit public-private collaborative consulting group, was retained by the Cook County Assessor’s […]
Consider Pre-Paying 2017 Real Estate Taxes to Receive Full Deduction Benefits Prior to Federal Tax Law Changes We recommend individual taxpayers consider pre-paying their personal 2017 real estate taxes prior to December 31, 2017 in order to maximize potential federal tax deduction […]
