Paying property taxes in Illinois can absorb a substantial amount of your budget each year. How much you end up paying depends on your location, the size of your property and other specifics. If you ever question the validity of the amount you owe, you have the right...
Real estate tax assessments generally rely on each property’s current fair market value. When Illinois homeowners find increases on their property tax assessments, they may appeal them. Commercial property owners may also appeal their assessments. As noted by Crain’s...
At some point as a homeowner in Illinois, you may feel the need to appeal your property tax assessment. This is your right, but exactly how does the appeal process work? The property tax assessment explained Property taxes finance the services your local government...
If you have a disability, you are far from alone. In fact, according to the U.S. Census Bureau, roughly 41 million Americans have some type of disability. This figure translates to about 13% of the population. Still, knowing you are in good company probably does not...
Illinois does not have a predetermined statewide property tax rate. According to Illinois.gov, tax officials assess most properties at 33.3% of fair market value. Cook County homeowners may have tax rates of at least 16% of their home's market value. Officials revalue...
As a small business owner, you want to keep your bottom line as low as possible. One of the ways you may be able to do this is via property taxes. If you own commercial property, you owe property taxes to the state. If you feel that your last property tax assessment...
If you own property in Cook County, you know about property taxes. According to Smart Asset, tax rates for property in Cook County sit at 2.1 percent. Property owners who believe they pay too much in property tax may file an appeal with The Board of Review. If you...
If you own a commercial property, you must pay property taxes on this real estate. The taxes paid by you on your property go to your local area to fund schools and other local initiatives. How much you pay in property taxes can vary from year to year based on your...
Rental properties can add tremendous value to your real estate portfolio in Illinois. However, one obligation of owning rental properties is the responsibility to pay property taxes. Depending on factors including location and property age and size, your tax...
As a property owner, you could have a considerable amount of stress as a result of property taxes. Whether you have concerns about your ability to pay taxes or you become frustrated because you believe that a recent assessment was unfair, it is crucial to find answers...
