Chicago, Illinois Tax Law Blog
Q&A: How has coronavirus affected this tax season?
The coronavirus pandemic continues to wreak havoc on society at large. Schools are shut down for the rest of the academic year, many white-collar employees are working remotely, and doctor’s offices have shifted to video appointments; all in an effort to curb the...
Don’t let property taxes creep up on your renovation
You’ve finally gotten around to the remodeling project you’ve been dreaming up for years. Maybe you’re adding a room, building a deck, redoing all of your cabinets, or upgrading your master bathroom to a mini-spa. Before you install that whirlpool tub or tear down...
Not-for-profit hospitals and property tax exemptions
A couple years ago, the Illinois Supreme Court upheld a law from the early 2010s which clarified when not-for-profit hospitals can claim that their often vast medical facilities are exempt from real estate taxes. This clarification came about because of an ongoing...
How to appeal your property tax assessment
Many property owners may not know what they can appeal their property tax assessment. Because property taxes can be costly, and the savings can be helpful, property owners should always be familiar with how they can appeal their property tax assessment if it is...
5 tips for appealing your property tax bill
The government is in charge of calculating your property tax and they base it on the market value of your home. In some cases, assessors make errors that can cost you thousands of dollars in unnecessary tax payments. Fortunately, there may be options available to you...
Can you challenge your property tax assessment?
Chicago residents like you may be paying a lot through property taxes. While many people simply suffer through the high costs that they are forced to pay, others don't know that there are actually things you can do to reduce the taxes. FindLaw brings up the fact that...
Property taxes could drop for some homes on Chicago’s North Shore
When you buy your family home, you make an investment in property that you hope increases in value. While the market rate for you home depends partly on the amount others will pay for it, it also depends on how the county assessor values it for property taxes. For...
Property tax appeals
Property taxes on homes in Chicago and throughout other parts of Cook County often seem to be high. People who receive property assessments that they believe are erroneous can file property tax appeals. Winning an appeal can result in a lower tax bill for the next...
How are commercial properties assessed?
If you own a commercial property in Cook County, you may be wondering how the property tax assessment process works. The process can be complex and even a bit mystifying to the average citizen. You may review your tax bill and wonder how they came up with that number....
Property tax appeals, other factors can change tax amount
Feeling disgruntled over taxes is something that most people in Chicago and elsewhere feel at some point or another. When it comes to paying taxes on their property, they may feel that they are paying an unfair amount or wonder why their tax amount increased. Changes...
