If you are a property owner in Illinois, you should make it a habit to check your property values every year, even if you are not in a reassessment year. The reason for this is because in Illinois, property values can be adjusted for taxes in two very different ways. These methods of adjustment are … Read more
Property Tax Reduction Blog
Is it Legal to Raise Property Taxes 20-Fold in One Year?
The owner of the 3-unit triplex at 1633 S Avers Avenue (Chicago IL 60623) saw their Cook County property tax assessment increase 2,080% between 2023 and 2024. This is not a typo. The Cook County Assessor increased their opinion of the value of this property from $16,050 ($5,350/unit) to $350,000 ($116,667/unit). How can the value … Read more
From Modest to Monstrous: Property Value Soars by Unbelievable 2,797%
The Cook County Assessor raised the market value of 626 N Long Avenue, Chicago by 2,797% in just one year! This is for a duplex in West Chicago Township.
Kaneville Commercial and Residential Values Increase by 7.2% and 7.3% Respectively
Property Values Up for Homeowners The residential market values of property owners in Kaneville Township, Kane County, saw a substantial increase of 7.3% from $158 million in 2023 to $170 million in 2024. The most considerable value increase of 13.1% was observed in properties with a value range of $750k to $1 million. Values increased in … Read more
Campton Township Kane County Values Update – Growth of 14.9% for 2024.
Residential Property Values on the Rise The market value of residential property owners in Campton Township, Kane County saw a substantial rise of 14.9% from $2 billion in 2023 to $3 billion in 2024. The most considerable value increase of 18.5% was observed in properties with a value range greater than $250k. Across the board, … Read more