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, or don’t present their appeals in an effectual manner are often left paying more taxes than necessary.
How to File a Successful Appeal
The three pages worth of rules put out by the Cook County Board of Review might be a daunting read but the step-by-step process is laid out so Chicagoans can appeal their property taxes.
Though the actual rules are extensive, they boil down to a few basic tips. Property owners should:
- Follow the directions.
- Use the forms provided on the Board of Review website.
- Fill out each form required in its entirety.
- Fill out paper forms in duplicate.
- File by the deadline provided for each township. There are 38 townships, so it can be easy to misread the deadlines.
- Attend the Board of Review hearing with all the proper documentation.
On the final page of rules, the Cook County Board of Review outlines that paperwork should include a log sheet that outlines all the documents included, a summary sheet that spells out the reasons for filing and signed related documentation.
The three-page outline of rules might make this seem like a time-consuming process, but it shouldn’t take more than two or three hours to put together, plus the time to attend the Board of Review hearing.
Property Taxes Aren’t Lowered When Property Owners Don’t Appeal
Many Chicago property owners don’t appeal their property tax assessments because of the misconception that by protesting the assessed value, it’s actually lowering the market value of the home. However, the reality is that those are two different and unrelated valuation equations.
Additionally, the belief that government entities always win discourages many property owners from even trying. However, that’s not necessarily the case with property tax appeals. A high percentage of appeals are granted, so the odds are in the owner’s favor.
Property taxes unappealing? KSN can help.
Appealing your Illinois property taxes is one way to ensure that the amount you pay is fair whether you live in the north/northwest Chicago suburbs, south/southwest Chicago suburbs, or in the City of Chicago.
Since 2015, KSN has worked diligently to save our clients over $150 million in reduced property tax assessments. We handle property tax appeals from start to finish for every type of property including:
- Community association property tax appeals
- Residential property tax appeals
- Multi-family and apartment building property tax appeals
- Retail and small business property tax appeals
- Commercial and office building property tax appeals
- Industrial property tax appeals
We work on a contingency fee basis. You pay no legal fees unless an assessment reduction is achieved.
Questions about our property tax appeal services? Contact us by calling 847-537-0500 or by visiting www.ksnlaw.com/tax-appeal.
Please note the material contained in this article is for educational and informational purposes only and does not constitute legal advice. No attorney-client relationship is established by your review or receipt of the information contained in this article. You should not act on the information discussed in this article without first obtaining legal advice from an attorney duly licensed to practice law in your State. While KSN has made every effort to include up-to-date information in this article, the law can change quickly. Accordingly, please understand that information discussed in this article may not yet reflect the most recent legal developments. Material is not guaranteed to be correct, complete, or up to date. KSN reserves the right to revise or update the information and statements of law discussed in the article law at any time, without notice, and disclaims any liability for your use of information or statements of law discussed on the article, or the accessibility of the article generally. This article may be considered advertising in some jurisdictions under applicable law/s and/or ethical rules/regulations. © 2023 Kovitz Shifrin Nesbit, A Professional Corporation.