As a homeowner, property taxes are unavoidable. Unfortunately, recent assessments in Cook County have left many Chicago residents and landlords grappling with unprecedented increases and errors. It is important to keep track of your assessment notices and challenge them when it is appropriate. The I-Team at ABC 7 has uncovered many instances of dramatic assessment … Read more
Posts Tagged Cook county
New Trier Township 2023 Property Tax Assessments
2023 Property tax assessments for New Trier Township apartment complexes have increased significantly and now total $62.4 million. Retail buildings saw a gain of $6 million, commercial real estate increased by $9 million, and institutional and special properties saw an increase of $979,000. In comparison, the cumulative rise in commercial and single-family property tax assessments … Read more
Cook County 2023 Residential Property Reassessments Soar
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
Homes Grossly Over-Valued in Orland Township, Illinois?
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
Questions on Cook County Homeowner’s Exemptions?
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
Are you living in Cook county? Then lookout for high property taxes!
Cook county is coming up with new plans to work on their tax codes and reforms to start from scratch! The property tax bills were late because it took a long time to correct the errors in the senior citizen exemptions program. The county assessor identified the problem with the senior citizen exemption program and … Read more