The Cook County Assessor’s Office has made changes to the residential valuation system to provide more equality to the residential property tax process. However, some of the changes to the residential valuation, coupled with rising home prices, is causing homeowners to have sticker shock.
Residential Homeowners Hit with New Assessments, Rising Home Prices
A property assessment determines … Read More ›
Property tax exemptions help homeowners save money by reducing a home’s assessment dollar amount, reducing the overall property tax bill. In Illinois, tens of thousands of Cook County senior citizens may be eligible for the Senior Citizen Homestead Exemption and the Senior Citizen Assessment Freeze Exemption.
Senior Citizen Homestead Exemption
The Senior … Read More ›
Instead of removing appliances to make a home seem uninhabitable, there are legal ways to lower a property’s assessment which in turn may reduce taxes.
Accurate Property Information
Taxpayers should make sure the Cook County Tax Assessor’s office has the correct information on their property. This information can be accessed online or by contacting the tax assessor’s … Read More ›
Your Illinois property tax bill is based on the value of your residential, commercial, or industrial property. The county assessor’s office compares each property with similar properties in the area to determine their respective values.
For instance, the Cook County Assessor’s Office is responsible for placing a value on about 1.8 million parcels.
Local governments spend the … Read More ›