Property tax appeals may help Chicago homeowners

While most people love owning their own homes, they often hate having to contend with property taxes. In many cases, Chicago residents may think their property taxes are too high but that there is nothing they can do about it. Fortunately, that may not be the case. They may be able to file property tax appeals in hopes of having those taxes lowered.

When it comes to working toward a lower tax amount, individuals first need to understand their property assessments and their current taxes. Homeowners should receive new property assessments periodically, and those assessments indicate the value of the property. In some cases, people may believe that their property assessment is too high, causing their taxes to be too high. Possibly, this could happen because incorrect information was applied during the assessment, such as the home having more rooms or sitting on more property than it actually does.

If the assessment information is correct, that does not mean owners are out of luck. They can review the comparable properties in the area and view their recent sale prices. If those properties have lower assessments, individuals may be able to claim that theirs are too high. They can make their claims and their arguments to the appropriate assessors, who will review the information.

In some cases, the initial review will not garner the desired results. However, that does not have to be a stopping point either. Interested Chicago homeowners can continue by appealing that decision with the appropriate boards. Because property tax appeals can be challenging, it may prove wise for interested owners to obtain the help of knowledgeable attorneys who can gain the right information and help effectively present cases.

No Comments

Leave a comment
Comment Information

Contact Us For A Free Consultation

Call our office in downtown Chicago at 312-767-5206. If you prefer, get started by sending us an email through our online contact form.

The Law Offices of William J. Seitz, LLC.
155 North Michigan Avenue
Suite 211
Chicago, Illinois 60601

Phone: 312-767-5206
Fax: 312-565-7475
Chicago Law Office Map

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Email Us For A Response