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...
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...
Whether you currently face financial hardships because of an unexpected medical crisis, the recent loss of your job or any other reason, paying property taxes could become particularly difficult. Moreover, some taxpayers miss payments because of oversight or they...
If you have fallen behind on tax payments as a result of financial hardships, it is pivotal to understand your options. For example, if you owe property taxes and you fail to address these debts, you could face a number of consequences, whether you have no choice but...
Property taxes are a hot topic across the nation as economic hardship impacts countless homeowners' abilities to pay. For property owners in Illinois, things are no different with tax requirements reaching an impossible high for many. Lower property taxes could solve...
While you can certainly appeal your property taxes on your own, such a complex area of law will require knowledge and experience. Given the complexities of tax law, your decision to hire an attorney may alleviate the risks of costly mistakes. Collaborating with a...
Homeownership can absorb a significant portion of your budget. You may find yourself strategizing for ways to pay your mortgage, complete renovations, maintain your landscape, perform repairs and pay taxes. Property taxes, in particular, are a requirement every...
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...
