As the calendar turns to a new year, that means a new tax return bill will soon be in the mail. For property owners who think their tax bills are too high, that means they will be thinking of whether to appeal. Here’s how to handle a property tax appeal in Cook County.
What Are Reasons … Read More ›
The Cook County Assessor’s Office says you don’t need an attorney to file an appeal of your property tax assessment and they are right. Technically.
But here’s the fallacy.
Your total tax bill — the amount of money you must pay — is determined by the assessed valuation of your property and all the other properties in … Read More ›
In Illinois, disabled veterans can get property tax breaks, sometimes paying no property taxes, based on their disability status, not their income status.
How Disabled Veterans Receive Exemptions
In the past, the property tax exemptions available to property owners in Cook County have come under fire as allowing too many people to be eligible for property tax … Read More ›
“Class 6b” sounds like it could be an obscure bureaucratic rule. In fact Class 6b is a tax incentive opportunity designed to encourage economic development in Cook County.
The incentive applies when the real estate is used primarily for “industrial purpose,” and there is either new construction, substantial rehabilitation or substantial reoccupancy of abandoned property.
The conditions … Read More ›