Tag Archives: triennial assessments

The Compound Effect of Property Tax Appeals

property-tax-appeals-compound-effectIn 1716, Christopher Bullock in The Cobbler of Preston wrote, “‘Tis impossible to be sure of any thing but Death and Taxes.”

Considering the growing, unfunded pension liabilities of Chicago and the suburbs, you can count on further property tax increases. <a href="htt

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Cook County Triennial Assessments: What You Should Know

Cook County Triennial AssessmentsDid you know that properties in each Cook County township are re-assessed every three years (they refer to this as the “triennial re-assessment)?

Here’s what these triennial assessments mean for you:

  • If you’re in the first year of a triennial re-assessment period, it’s critical that you appeal your property taxes right away as the results will affect you for the next three years
  • If you haven’t appealed your property taxes in the last three years, you may be able to achieve hundreds or thousands of dollars in property tax reductions if you appeal this year
  • If you’ve appealed sometime in the last three years and haven’t been re-assessed since, there’s still an opportunity to achieve a further property tax reduction as other property tax variables change each year (many other properties are sold/purchased and appealed)
  • If you’ve appealed this year with the Assessor’s Office, you may be able to achieve further property tax reductions by also appealing with the Cook County Board of Review
  • Click here for the most recent Cook County triennial assessment calendar

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