Gary H. Smith
Call us to cut your property taxes
(312) 236-7447
Call Us: (312) 236-7447
Are You a Senior Who Is Having Trouble Paying Property Taxes?

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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What Is Ad Valorem Tax?

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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Will COVID-19 Impact the Value of Your Residential or Commercial Property?

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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Did Your Commercial Property Value Drop Because of Civil Unrest in Chicago?

Looting, violence, and civil unrest in Chicago may cause commercial property values to plummet as people abandon the city, and business owners re-evaluate their properties. Will People Leave the City? Many offices in buildings throughout the Loop remain vacant as […]

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What You Should Know About Cook County’s 2019 Tax Rates

Cook County recently released its 2019 property tax rates, which are used to determine the tax bill. The numbers are often a mystery, but property owners should know what the numbers mean and how the money is being used. The […]

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Cook County Property Tax Bills Show Increases

The recent property reassessments in Cook County, under a new assessment process, have increased property values and the overall property tax bills. New Assessment Process Raises Overall Property Bills In 2019, when properties in the northern region of Cook County […]

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Coronavirus Rent Relief Programs

Landlords may be eligible for financial relief to cover rent shortfalls in Chicago. Many Cook County residents have lost their jobs, either permanently or temporarily, during the COVID-19 pandemic, which is having a trickle-down effect on their ability to pay […]

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Illinois Property Taxes Are Crushing the Middle Class

A new Kiplinger report rates Illinois as the least tax-friendly state in the country, especially for homeowners. Illinois has the second-highest property taxes in the nation, at an average of 2 percent of the home’s value. Reduce Property Taxes Through […]

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Illinois Counties are Offering a Variety of Tax Relief Policies

With the COVID-19 pandemic, residential and commercial property owners have concerns about paying the property tax bill that will be sent this summer. How Counties are Handling Property Tax Bills On the commercial property side, there is concern that rent […]

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Delinquent Cook County Property Tax Auctions to Be Delayed

Although scheduled to begin May 8, 2020, a Cook County Circuit Court judge postponed the Annual Tax Sale of delinquent properties because of the coronavirus, per the emergency motion filed by Cook County Treasurer Maria Pappas. Cook County Treasurer Files […]

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