Chicago, Illinois Tax Law Blog
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...
Property tax appeals may result from revaluations
The value of a person's property and the surrounding properties significantly influences the amount of taxes paid on that property. In many cases, Chicago residents wonder whether they are paying the right amount of property taxes and whether they could potentially...
Walmart location currently involved in assessment appeals case
Just like other property owners, business owners have to pay property taxes. The taxes owed on commercial property can be extensive, so understandably, company owners want to make sure that their tax assessments are correct. In some cases, businesses may need to take...
What tax law methods are used for property tax assessment?
Owning a home or any type of real estate in Chicago can be exciting. However, it also means that property taxes will be levied against the owners. Like many other forms of taxation, property tax may seem like a necessary evil to some, but they still must comply with...
Property tax appeals deadline recently passed for Chicago
Chicago property owners have many financial factors to consider. For business owners, every financial aspect related to their companies is important, including property taxes. In some instances, business and property owners may feel that they are paying too much in...
