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Report Tracks Climbing Property Tax Rates for Chicago-area Residents

Report Tracks Climbing Property Tax Rates for Chicago-area ResidentsIf it feels like property taxes have been squeezing more and more out of your home value, it may not be your imagination.

The Civic Federation’s annual report on estimated effective property tax rates tracks the percentage of property taxes that Chicago area residents pay relative to the estimated full market value of their property. Recent results show what a newspaper headline described as “a bad decade for property taxes.”

According to the report, Chicago’s estimated effective residential property tax rate increased by 35.3%, from 1.25% to 1.69% of full market value, during the ten-year period from 2007 to 2016.  The tax rate is calculated as a percentage of full market value, without deducting for homestead and other exemptions, as a means of comparing the average property tax burdens in different areas over time.
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Illinois Property Tax Appeal Board (PTAB) Changes

Illinois Property Tax Appeal Board (PTAB)The Cook County Treasurer’s Office has recently announced that they will automatically send out refund checks if your Cook County property tax appeal is successful at the Illinois Property Tax Appeal Board (PTAB).

Previously, notices were sent through the mail that your refund could be claimed, though some received a notice but the refunds went unclaimed, and some didn’t receive them at all. Though it’s not the focus of our business, we’ve helped recover these funds for a few clients.
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River Forest Township 2019 Assessment Notices Mailed

River Forest2019 assessment notices for River Forest were mailed by the Cook County Assessor’s office to homeowners on February 6th. Property owners have a 30 day window to appeal their assessed value at the Assessor’s office until the deadline of March 8th.

Homeowners should review their assessments annually and appeal each year if and when there is a strong argument that their home may not be assessed fairly. River Forest is scheduled to be reassessed in 2020, however, if you feel that your assessment is not fair there is no need to wait to appeal until next year, you have the option to appeal every year. If you’d like a second opinion on your assessed value as it compares to other similar properties contact us for a free, no obligation, professional analysis of your property.
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Riverside Township 2017 Reassessment Notices Mailed

According to the Cook County Assessor’s Office triennial reassessment notices were mailed on February 6, 2017, for Riverside Township. The window to appeal your assessment is now open until the deadline of March 10, 2017.Investors Purchasing Foreclosure & REO Properties in Illinois: What You Need to Know

Riverside Township is in the south suburban triennial group which is being reassessed in 2017. Valuation statistics for Riverside Township can be found here.

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2019 Assessment Notices Mailed to Riverside Township

RiversideThe Cook County Assessor’s office mailed 2019 Riverside Township assessment notices on February 5th. The 30 day window to appeal your property’s assessed value at the Assessor’s office is now open through the deadline of March 7th.

Riverside Township is scheduled to be reassessed in 2020. However, homeowners should review their assessments annually and appeal each year if and when there is a strong argument that their home may not be assessed fairly. If you think you might be paying too much in property taxes contact us for a free, no obligation, professional analysis of your property.
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River Forest Township 2018 Assessment Notices Mailed

River ForestThe Assessor’s Office has mailed 2018 assessment notices to River Forest property owners. You may appeal your assessment each year during the 30 day window which is now open and will close on March 6th.

Cook County reassesses properties triennially through a mass appraisal system. River Forest was last reassessed in 2017 and if you appealed and were successful on your 2017 tax year appeal you will see those savings this summer on your 2nd installment property tax bill (the 1st installment bill you recently received is always 55% of the previous year’s total tax).
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River Forest Reassessment Notices Mailed

The Cook County Assessor’s Office has announced that triennial reassessment notices were mailed on February 2, 2017, for River Forest Township. The deadline to appeal your assessment at the Cook County Assessor’s Office is March 7, 2017.Cook County Property Tax Appeal

River Forest Township is one of seventeen townships in the south suburban group which will be reassessed in 2017. Valuation statistics for River Forest Township can be found here.

Get Your Free Property Tax Reduction Estimate

2018 Assessment Notices Mailed for Riverside Township

RiversideRiverside Township assessment notices for 2018 have been mailed. The 30 day window to appeal your assessed value at the Assessor’s office is now open through the deadline of March 2nd.

You may appeal your assessment each year, regardless of when your township was last re-assessed (Riverside was re-assessed in 2017). In fact, it is our opinion that you should at least review, if not appeal, your assessment annually due to regular changes in the housing market (others have also made this recommendation).
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Cook County Assessor’s Office Opens 2015 Property Tax Appeal Session

The Cook County Assessor’s Office has announced that 2015 assessment notices were mailed on January 30, 2015, for the following townships:

  • Norwood Park
  • River Forest
  • Riverside

The deadline to file an appeal is March 3, 2015.

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Rogers Park Township 2017 Assessment Notices Mailed

The Cook County Assessor’s Office has mailed assessment notices for Rogers Park Township. The 30 day window to appeal assessments is now open and the deadline to file a 2017 property tax appeal at the Cook County Assessor’s Office is March 1, 2017.cook seal v2

Rogers Park Township is located in the city triennial section and the next scheduled reassessment year is 2018. However, appealing your assessment can be done in every tax year, including non-reassessment years.

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