Posts Tagged property tax reduction

Residential Assessment Surges    Property owners in Cook County usually expect property values to grow annually. Residential property in Palatine Township Cook County, Illinois had a 1% increase, meaning the value in 2024 amounted to $12 million. Owners of property valued under $750K can breathe a sigh of relief with their values holding steady. Assessment increases are … Read more

Residential Assessment Surges The rise of property values in Cook County is not a surprise for residential property owners. Residential property in Barrington Township had a 2% increase showing the rise from $4 billion in 2023 to $4.1 billion to 2024. The highest and lowest-value houses get the biggest assessment increases. Residential property owners of … 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

Texans who are aged 65 or older or those who are disabled as per the Texas tax law can now postpone paying their current and their delinquent residential property taxes! This can be done by signing a property tax deferral affidavit at the HCAD office (Harris county appraisal district). During a news release, HCAD said … Read more

The IRS has extended the tax filing and payment deadline to the 17th of May, 2021 and this extension is due to the increased complications of the pandemic. Due to the outbreak, multiple tax reliefs and acts were passed during the past year 2020. It might be hard for taxpayers to navigate between various reliefs … Read more

People are trying to save more dollars rather than spending them. Are you looking for dollar saving ideas in rental investment? Then there are tax deductions available for rental property investors! Property taxes won’t be a burden anymore when you are completely involved with better tax strategies. You can be a passive investor or a … Read more

Owning a home completely helps in reducing your tax burden. The remarkable tax benefits of owning a home is that your rental income will not be taxed. It is valued as a return on investment as from stock markets and other savings accounts. Rental income falls under this category and will not be taxed. How … Read more

Did you know that reducing your property taxes is a lot easier than you think? There are only 4 simple steps standing between you and reducing your property taxes to 50 to 80% of market value. It’s a shame that only 7% of property owners appeal their unfair values annually because that means that over … Read more

Having your property appraised at fair market value is important if you want to maintain accurate records and avoid paying too much on property taxes each year. Even if you have a fair market value property, you may still want to look at protesting the proposed taxes with the Appraisal Review Board. According to the … Read more