Chicago property tax assessments are skyrocketing for homeowners, with some seeing increases over 100%.  For the fourteen Cook County townships reviewed, residential property tax assessments increased most in Calumet, a whopping 54.5%.  The townships reviewed include Barrington, Berwyn, Calumet, Hanover, Oak Park, River Forest, Riverside, Rogers Park, Lemont, New Trier, Orland, and Schaumburg.  Six of … Read more

Can you assume that the Cook County Assessor’s estimate of market value for your home is accurate and reflects the actual market value?  In many cases, the answer is no.  Some homes are substantially overvalued based on recent sales transactions.  Other homes are substantially undervalued. Please see the tables below.  We provide the address for … Read more

Cook County’s 2023 reassessment places over 60% of the increases in market value on homeowners with 38% on commercial property. The total assessment for 15 townships reviewed increased from $30.6 billion to $35.9 billion, a 17.3% increase. Home values were increased $3.3 billion (13.8%) while commercial property values were increased by $2.0 billion (30.6%). The … Read more

If you own property in Cook County, you are probably frustrated right now with constantly rising property taxes. At O’Connor, our mission is to enrich property owners through cost effective tax reduction, and we have a couple of recommendations on how you can help lower your property taxes. Our first tip is to appeal your … Read more

Homeowners considering protesting their property tax appraisal understandably have several questions. But before we answer these questions, it is important to understand how your property value is determined. HOW IS MY TAX BILL CALCULATED? In Texas, property taxes are determined at the county rather than the state level. Two factors impact the taxes:  Taxable value … Read more