Tag Archives: Property Tax Exemption

Illinois Pays the Nation’s Highest Property Tax Rates

Illinois Pays Highest Property TaxesIf you suspect that you’re paying too much in property taxes, consider this: Illinois has the highest median property tax rate in the United States, with various taxing agencies levying a combined rate of 2.67%, according to a nationwide analysis by CoreLogic, an Irvine-based research

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Cook County Senior Exemption Deadline: February 3, 2016

Cook County Senior Property Tax ExemptionsAttention all seniors in Cook County: the deadline for applying and re-applying for both the Senior Citizen Exemption and the Senior Freeze Exemption is February 3, 2016.

Not doing so will result in the loss of the exemption applied to your 2016 second installment property tax bills that you

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Cook County Condo Association Property Tax Appeals

Cook County Condo Property Tax AppealIf you own a condominium in Cook County, you’re entitled to appeal your property taxes with the Assessor’s Office and Board of Review just like any other homeowner. However, there are a few key differences and best practices that will help you ensure a maximum property tax reduct

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How Are Property Taxes Calculated in Illinois?

how-illinois-property-taxes-calculatedIf you’ve noticed that your property tax bill increases at a rate that doesn’t correspond with changes in home prices on the market, you may wonder how your county assessor determines your annual property tax bill. This blog post explains the process of how your property tax asse

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5 Ways to Avoid Overpaying Your Property Taxes

5 Ways to Avoid Overpaying Your Property TaxesIn her recent article, Are You Paying Too Much Property Tax?, Vera Gibbons of Zillow identifies five ways to help ensure you’re not paying more in property taxes than you should:

  1. Correct Basic Errors: verify that there are no mistakes on your property card, including dimensions, acreage, value, bedrooms, bathrooms, garage size, and other key amenities like a fireplace or swimming pool; if you find any errors, you may qualify for a reduction in your property taxes
  2. Comps: compare your home’s property information with your neighbors that have similar homes in terms of age, size, style, proximity, and condition; if you’re assessed higher to a comparable property, you can make an argument for a property tax reduction
  3. Unique Conditions: if there is anything about your property or neighborhood making it somewhat undesirable, e.g. proximity to busy streets, power lines or commercial operations like a factory, you may qualify for a property tax reduction
  4. Improvements: if your property tax bill includes structural enhancements that were never made, than you have a good case for a reduction in your property taxes
  5. Exemptions: property tax reductions are often available for seniors, people with disabilities, veterans, historic buildings, and homes with certain energy efficient enhancements

Read the whole article here

Property Tax Appeal Service

If you think you may qualify for a property tax reduction on your property taxes

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Are You Eligible for a Cook County Property Tax Exemption?

Are you eligible for a Cook County Property Tax Exemption?

Eligibility CRITERIA FOR HOMESTEAD EXEMPTION AND OTHER RELATED EXEMPTIONS

For ALL homestead exemptions including the General Exemption, a taxpayer must:

• Live in the property as of January 1 of the tax year;

• Use the property as his or

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