Are Your Property Taxes Getting Ahead of Your Property Value?

Chicago & Cook County Foreclosures & Property Tax Appeals

At Kensington Research and Recovery, our goal is to make sure our clients do not pay more than their fair share of property taxes.

That requires careful scrutiny of comparable properties or “comps” to make sure that the value the tax assessor sets is fair. We know from having assisted with more than 24,000 successful residential appeals, it often isn’t. There are many ways that property tax assessments can end up inflated, leaving homeowners paying more in taxes than they should.

But for people who live in areas hit hard by economic downturn, inflated assessments can be a financial disaster, eventually costing homeowners more than their properties are worth – especially when foreclosures and short sales in your area are not factored into your property taxes.
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Cook County Property Tax Bite Could Get Even Worse Under House Plan

Property Tax DeductionJust when you thought the property tax situation for Chicago and Cook County residents couldn’t get any worse: a provision in the House tax plan would cap the property tax deduction for federal income tax filers at $10,000. The current deduction is $15,000.

The Senate’s tax plan would eliminate the tax deduction altogether.

This is yet another reason why appealing your property taxes is so important, and the only way to ensure you only pay your fair share.
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Board of Review Opens Group 5 Townships for Appeals

The Cook County Board of Review has opened Group 5 for 2017 property tax appeals. If your property is in one of the townships listed below you have until the deadline of December 12th to appeal your 2017 assessment at the Cook County Board of Review.Cook County Property Tax Appeal

  • Wheeling
  • West Chicago
  • Worth

The Cook County Board of Review is an independent government agency, separate from the Assessor’s office, and has the authority to reduce property valuation assessments.

If you appeal at the Board of Review and succeed with your 2017 tax year appeal it will help ensure that you only pay your fair share in property taxes on your 2nd installment property tax bill in July 2018. If you do not appeal at the Board of Review before your township’s deadline you will not have another opportunity to appeal your 2017 assessment.

Contact us for a free professional review of the assessed value of your property in comparison to others and to discuss whether an appeal makes sense for you. We will only recommend an appeal if we believe there is a strong appeal argument to be made for your property.

Get Your Free Property Tax Reduction Estimate

Don’t Fall for These Common Misconceptions about Your Property Tax Bill

Cook County Property Tax Appeal MisconceptionsHomeowners sometimes mistakenly give up on the property tax appeal process because they successfully reduce their assessed value once, but then have the Assessor raise their assessment the following year. They then conclude that the time and money they spent on their appeal was a waste.

Any reduction in assessed value achieved in an appeal will result in tax savings for at least one year.
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Group 4 Opens For Appeals At Board of Review

Townships in Group 4 opened for tax year 2017 property tax appeals at the Cook County Board of Review on October 30th. If your property is located in one of the townships below you have until the deadline of November 28th to appeal your property’s 2017 assessment at the Board of Review.Cook County Property Tax Appeal

  • Calumet
  • Leyden
  • Lyons
  • Stickney

The Cook County Board of Review is an independent government agency, separate from the Assessor, which has the authority to reduce property assessments, so you do not want to miss your opportunity to appeal your assessment at their office. Successful 2017 tax year appeals will help ensure that you only pay your fair share in taxes on your 2nd installment property tax bill in July 2018. If your property is located in one of the townships in Group 4 and you do not appeal at the Board of Review before November 28th there is not another opportunity to appeal your 2017 assessment.

Contact us for our free professional opinion on the assessed value of your property in comparison to others and to discuss your best options for an appeal. We will only recommend an appeal for you if we think there is a strong argument to be made.

Get Your Free Property Tax Reduction Estimate

Board of Review Opens Group 3 Townships for Appeals

The Cook County Board of Review opened the third group of townships for 2017 appeals on September 25th. If your property is in one of the listed townships below you have until the deadline of October 24th to appeal your property’s 2017 assessment at the Board of Review.Cook County Property Tax Appeal

  • Berwyn
  • Elk Grove
  • Maine

Whether you missed the appeal window at the Assessor’s office earlier this year, or if you did appeal and were unsatisfied with the Assessor’s office determination, you still have a final opportunity to appeal your 2017 assessment at the Board of Review. Successful 2017 appeals will help to make sure you only pay your fair share in taxes on your 2nd installment property tax bill in July 2018. If you do not appeal now at the Board of Review there is not another opportunity to appeal your 2017 assessment.

Contact us for our free professional opinion on the assessed value of your property in comparison to others and to discuss your best options for an appeal. We will only recommend an appeal for you if we think there is a strong appeal argument to be made.

Get Your Free Property Tax Reduction Estimate

South Chicago 2017 Assessment Notices Mailed

The Cook County Assessor’s office has mailed 2017 assessment notices to properties located in South Chicago Township. The opportunity to appeal your assessment is now open through the deadline of October 16th.Cook County Property Tax Appeal

South Chicago is scheduled to be reassessed in 2018 but you may appeal your assessment each and every year, regardless of when your property is reassessed by the county. Contact us before the October 16th deadline if you would like a free analysis and professional opinion on your assessment in comparison to others and your appeal options.

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Reassessment Notices Mailed to Bloom Township

Bloom Township reassessment notices were mailed by the Assessor’s office on Friday, September 15th. The 30 day window to appeal your assessment at the Assessor’s Office is open until October 16th.Bloom

Bloom is in the south group of townships which is being reassessed in 2017 by the Assessor’s office. You can locate complete valuation statistics for Bloom Township on the Assessor’s site here.

Contact us before the October 16th deadline for a free analysis and professional opinion on your reassessment valuation in comparison to others and your appeal opportunities. Appealing in a reassessment year may allow you to achieve savings for multiple years on your future property tax bills, until your next triennial reassessment in 2020.

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