Cook County Condo Association Property Tax Appeals
If you own a condominium in Cook County, you’re entitled to appeal your property taxes with the Assessor’s Office and Board of Review just like any other homeowner. However, there are a few key differences and best practices that will help you ensure a maximum property tax reduction.
Agreement Approval
Condo property tax appeals generally need to be done on behalf of the condo association. An officer of the homeowner’s association needs to commission the appeal, with either the condo board’s approval by a 2/3 vote, or by the vote of a majority of the unit owners, in order to move forward with an appeal.
Condo Property Tax Appeal Best Practices
As for homeowners, the following property tax appeal practices apply in order to receive a maximum reduction:
- Know in which Cook County township you live
- Know when to appeal
- Appeal both with the Cook County Assessor’s Office and the Board of Review
- Appeal every year as comps and rulings change
- Know for which property tax exemptions you qualify
- Use an experienced third-party property tax appeal service for the best results
- You will likely pay more than your fair share of property taxes if you do not appeal
Kensington Research has helped achieve tax relief for over 10,000 condo and homeowners in Cook County since 1999.
Contact us today to learn more about appealing your condo property taxes