Residential Property Tax Appeals
Since 2015, KSN has worked diligently to save our clients over $300 million in reduced Illinois property tax assessments.
Here’s something you probably already know – Illinois property taxes are high. At present, Illinois has the highest effective property tax rate in the United States. Over the last few years, Chicago and suburban residents have seen increases to the average property tax bill.Â
Appealing your Illinois property tax assessment is an option to ensure you’re not paying more than your fair share of taxes.
Our property tax appeal services include:
- Condominium unit property tax appeals
- Single family home property tax appeals
- Townhome property tax appeals
- Cooperative (co-op) unit property tax appeals
- Residential rental property tax appeals
Factors involved in Illinois residential property tax appeals
Lack of uniformity
If your property’s assessed value is higher than similar properties in the neighborhood on a square-foot basis, you may be paying more than your fair share. We compare your assessment to comparable homes and present evidence to seek a reduction.
Recent purchase and sales price
When the assessed value exceeds the recent purchase price, it can indicate an inflated assessment. We review the sale details, market trends, and neighborhood data to argue for an adjustment — especially if the purchase price was above fair market value.
Market value and appraisal
With recent changes in assessment levels, Illinois homeowners can now challenge their property value using market data. KSN attorneys and legal professionals leverage appraisals, sales comparisons, and local market analysis to support a fair valuation.
Damage and demolition
Properties that have sustained significant damage or have been partially or completely demolished should not be assessed at their pre-damage value. We gather evidence to argue for a reduced assessment that reflects the property’s current condition.
Incorrect property classification or informationÂ
Properties may be placed in categories that result in a higher assessment or have mistakes in the property description. We focus on the factors that make the greatest difference in the assessment, and thereby, your tax liability.
Exemptions
Missed exemptions can lead to unnecessarily high property tax bills. Our law firm reviews your eligibility for all available exemptions and works to ensure they are applied correctly to your assessment.
Illinois, Cook County, and Chicago Property Tax Appeals: What Homeowners Should Know
KSN works on a contingency fee basis. What does that mean?
Unlike some competitors, our law firm does not charge a processing fee. Our clients do not pay a legal fee unless we are able to successfully reduce their property tax assessment.
Questions about our Illinois property tax appeal services? Ready to start your appeal?
Please contact KSN today to discuss your legal needs.
Fill out the form or reach our law firm by calling 855-537-0500.
KSN provides a number of legal services including community association law, landlord/tenant law, collection, property tax appeals, and more.
By using the form, you understand and accept that we cannot treat unsolicited information as confidential. Further, initiating possible legal representation requires review for any potential conflict of interest.
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