The state of Illinois does not have single-rate property taxes, which means your unique and individual tax will often differ depending on several factors. This can include the property value assessment as well as how much money your district believes is necessary to...
Research shows that the concerns of Cook County, Illinois residents who have long felt as if their property tax bills were increasing exponentially in comparison with their other expenses have merit. A 2020 study conducted by the county treasurer’s office reveals that...
Receiving a quarterly property tax notice can be a worrisome event for many residential and commercial property owners in Chicago. In 2021, Cook County property taxes were the second highest in the nation. This quarter, many property owners will be in suspense while...
Illinois residents face some of the highest property taxes in the United States. Many state residents have questions about why the property taxes for their homes or businesses are so substantial. Many residents do not realize that a link exists between the amount of...
Once you purchase property in Illinois, you will begin the property tax cycle. Under the law, you will have to pay property taxes every year. To accurately charge you for these taxes, the state will need to go through a process. The Illinois Department of Revenue...
Whether you are paying taxes as a homeowner or someone who runs a business, your tax documents are of great importance. You know you need them to prepare your taxes from the previous year. However, you may have to store tax paperwork going back years for possible...
You may have looked at your recent property tax bill in disbelief. You know that your home is not valuable enough to warrant an increase in your property taxes. In this situation, you may decide to appeal your property tax rate. To do so, you should provide...
If you are like most people, preparing your taxes is a source of stress and anxiety. Not only do you have to consider how much you owe or how much you already paid, but you have to think about the process of filing too. According to Military.com, there are steps that...
Finding ways to reduce your property tax bill may be something you are scrambling to do this tax season. Lucky for you, Cook County does offer some exemptions that let you reduce your tax bill by exempting a portion of your property value from the assessment. One...
Doing your taxes is a stressful yearly endeavor for some. This is especially true for individuals who have complex income, housing or family situations among other contributing factors. The more you have to keep track of, the higher your likelihood of making a...
