Although most property tax appeals are successful, there are a few reasons people do not get their property taxes lowered. The arrival of property tax bills in Cook County brings about angst, anger, and anxiety, but property owners who miss deadlines, do not gather factual evidence to support their cases, fail to follow the rules, … Read More ›
Property tax bills use a computer modeling system to assess property values in Cook County, and years of inaccurate assessments, many of which have not been appealed, have led to unnecessary high taxes for many property owners. Because property tax bills are calculated using the assessed value of the property, a process that happens in … Read More ›
Property tax bills aren’t written in stone and can be appealed if the property owners feel the value assessed on the property is too high. This holds true for residential properties and commercial and industrial properties as well. It is estimated that 30 to 60 percent of properties are over-assessed, and only 5 percent of … Read More ›
Property owners experience sticker shock every three years in Cook County when they receive their readjusted tax bill in the mail, and another round of property tax hikes will continue to jolt residents and business owners in 2022. The property tax increases have caused many to search for relief through a property tax appeal with … Read More ›