As an Illinois property owner, it’s unlikely you have remained unaffected by the current state of property taxes. However, unlike other costs involved with owning property (like mortgage payments or utility bills), tax assessments can and should be appealed.
While many counties have streamlined the ability to file an appeal, winning an appeal is a whole … Read More ›
Due to the impact of the COVID-19 pandemic, there have been massive declines in state sales tax and local income tax revenues. In order to restore operating budgets, states are looking to property taxes to close the gaps. Illinois is no exception.
Illinois property owners already pay the second highest property taxes in the United States. … Read More ›
Amidst the current crisis, Illinois property taxes have been impacted by both legal and procedural changes.
In late May 2020, the Illinois General Assembly passed SB685 allowing counties to provide property tax relief by extending property tax payments up to 120 days.
Legislation has automatically renewed homeowner exemptions (ex. Senior Citizen Homestead Exemption, Senior Citizen Assessment Freeze Exemption) for … Read More ›
This year, property owners all over Chicagoland are receiving notices from the County Assessor indicating their property’s new assessment. While all property owners should consider appealing their new assessment to lower their future property taxes, you should consider filing your tax appeal as a group if you live in a condominium, townhome or homeowner association.
This … Read More ›