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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North Chicago 2017 Assessment Notices Mailed

North Chicago Township assessment notices for 2017 have been mailed. The 30 day window to appeal your assessed value at the Assessor’s office is now open through the deadline of October 13th.cook seal v2

North Chicago Township was last reassessed in 2015 and is next scheduled to be reassessed in 2018. You may appeal your assessment each year, regardless of when your township has been or will be reassessed. In fact, it is our opinion that you should at least review, if not appeal, your assessment annually due to regular changes in the housing market (others have also made this recommendation).

Contact us before the October 13th deadline and we are happy to review your property’s assessed value and provide you with our free professional opinion on property’s assessment level in comparison to others.

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Assessment Notices Mailed to Niles Township

2017 assessment notices were mailed by the Assessor’s office on September 11th to properties in Niles Township. The opportunity to appeal your 2017 assessment is now open until the October 12th deadline.Niles

Niles Township is in the north suburbs group which was reassessed in 2016. Niles Township will next be reassessed in 2019. You have the right to appeal your assessment every year and successful appeals in 2017 may result in savings for two years, until Niles is reassessed in 2019.

If you would like a free professional opinion on your property’s assessment level in comparison to others please contact us before the October 12th deadline.

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Hanover Township Assessment Notices Mailed

Hanover Township 2017 assessment notices were mailed by the Assessor’s office on September 5th. The one month appeal window is open through the October 5th deadline.Hanover

Hanover Township is in the north suburbs district which was reassessed in 2016. The next triennial reassessment for Hanover Township will be in 2019. Successful appeals in 2017 may result in savings for two years, until Hanover’s next reassessment in 2019.

For a free professional opinion on your property’s assessment level in comparison to others reach out to us before the deadline of October 5th.

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Lake Township 2017 Assessment Notices Mailed

The Cook County Assessor’s office mailed assessment notices for Lake Township on September 1st. The deadline to appeal your 2017 assessment at the Assessor’s office is October 2nd.Cook County Property Tax Appeal

Lake Township is in the City of Chicago district which was reassessed in 2015. The next triennial reassessment for Lake Township will be in 2018. Therefore, a successful appeal of your assessed value in 2017 will result in one year of savings, until you are next reassessed in 2018.

For a free professional opinion on your property’s assessment level in comparison to others contact us before the deadline of October 2nd.

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Reassessment Notices Mailed for Rich Township

Rich Township reassessment notices were mailed by the Assessor’s office on Friday, September 1st. The one month window to appeal your assessment at the Assessor’s Office is open until Monday, October 2nd.Rich Township

Rich Township 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 Rich Township on the Assessor’s site here.

Contact us before the October 2nd deadline for a free analysis and professional opinion on your reassessment valuation in comparison to others and your appeal options. 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.

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Why New Homeowners Fail to Accurately Estimate Their Mortgage Payment

Cook County Property Taxes & New HomeownersNew homeowners agonize over how much they can spend on a home and what monthly mortgage payment they can afford. They consult with their family, friends and perhaps even their financial advisor, real estate agent or lawyer.

However, new homeowners—especially Millennials—often get it wrong and under-estimate their monthly mortgage payment. Why?

The reason is that new homeowners do not accurately estimate how much property taxes they will owe. They rely too much on property tax history and do not accurately estimate how looming increases will affect them – and more increases are in the pipeline as Chicago’s pension crisis is in the beginning stages and the State of Illinois is trying to cut funding to Chicago public schools in the Chicago area.

This blog explains where new homeowners go wrong and what to do about it.

Where New Homeowners Go Wrong

Cook County issues property tax bills every March and July. March’s bill is always 55% of the previous year’s property taxes. The July bill reflects all property tax increases for the year. Your bank estimates these payments and rolls them into your monthly mortgage payment. Banks are not experts in Cook County property taxes, which can lead to unpleasant mortgage payment increases.

If purchasing from an older homeowner, their property taxes may be much less than what you will have to pay because they qualify for exemptions that you do not.

Additionally, if the purchase price you pay for your new home is above the assessor’s market value, then your next property tax bill will likely reflect the increase in market value.

Lastly, if the former homeowner did appeal their taxes every year successfully, on their own or with some help from a third-party like Kensington Research, and you do not, you may pay higher taxes over time and more than your fair share.

The Good News: You May Actually Pay Less than the Former Owner

If the previous owner did not appeal their property taxes or tried doing it themselves, using a non-specialized law firm without a data driven approach or using a fly-by-night online service, there is a good chance we could save you hundreds or thousands per year.

The Best Part: our Free Property Tax Reduction Estimate will identify what we believe you can save – all with over a 90% accuracy rate. This will help give you piece of mind for what you can afford so that you can enjoy your new home instead of agonizing over paying more than expected every month.

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How to Determine If You’re Getting the Maximum Property Tax Reduction

Cook County Property Tax Appeal ComparisonYou could be leaving hundreds or even thousands of dollars on the table if you live in Cook County and appeal your own property taxes or use a non-specialized law firm or internet service to do so.

How do you know if you’re getting as much of a reduction as possible?

Our Free Estimate determines how much of a property tax appeal reduction we believe we could help you with and our success rate is over 90%. This blog explains why you should consider taking us up on this offer.
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