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Cook County Property Tax Warning: Land Assessed Value Increasing

Cook County Assessed Land ValueBased on statistics recently provided by the Cook County Assessor as part of their triennial assessment, assessed land values for Barrington, Evanston and New Trier townships have increased 15-21% over 2013.

Assessed land value decreased in these townships by 2-13% from 2010 to 2013 but are now 2-16% higher than they were in 2010.

See the table below for the assessed land value data:
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Lemont Township 2017 Reassessment Notices Mailed

Lemont reassessment notices for tax year 2017 were mailed on May 8th by the Cook County Assessor’s office. The window to appeal your assessment at the Assessor’s office is now open. The Assessor’s deadline for filing 2017 appeals is June 9th.Lemont

Townships in Cook County are divided into three groups for reassessment purposes. Each of those groups is reassessed every three years by the Assessor. The triennial reassessment schedule can be found here. The complete 2017 Lemont valuation statistics from the Assessor can be found here.

If you appeal your assessment in a reassessment year you may be able to lock in multiple years of savings. Contact us for more information and for a free analysis and opinion on the strength of an appeal argument for your specific property.

Get Your Free Property Tax Reduction Estimate

Triennial Reassessment Notices Mailed to Lake View

Lake ViewThe Cook County Assessor’s office has finished the triennial reassessment for properties located in Lake View Township and notices were mailed on Monday, May 7th. Valuation statistics from the Assessor’s office can be found here. Property owners in Lake View have 30 days to appeal their assessment at the Assessor’s office (there is also a second opportunity later in the year at the Board of Review). The deadline for appealing your assessment at the Assessor’s office is June 7th.

We recommend reviewing your assessment annually, especially in a reassessment year, to ensure you do not pay more than your fair share in property taxes. If you believe that your assessment does not seem to be in line with that of comparable properties you should consider appealing (if you would like a free second opinion contact us). Successfully appealing in a reassessment year may provide 3 years of savings on your future property tax bills. The amount of success you achieve on your property tax appeal depends on the strength of your appeal argument.
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Maine Township 2019 Triennial Reassessments Mailed

MaineTriennial reassessment notices were mailed to Maine Township homeowners on May 7th. The following cities, towns, and villages are in Maine Township: Des Plaines, Glenview, Morton Grove, Niles, Park Ridge, and Rosemont. Homeowners in Maine Township have one month to appeal their assessment at the Assessor’s office (there will be a second opportunity to appeal later in the year at the Board of Review, whether you appeal at the Assessor’s office or not). The deadline for appealing at the Assessor’s office is June 7th.

The Cook County Assessor’s office will release and post valuation statistics for Maine Township here when they become available. We suggest homeowners review their assessment annually, particularly in a reassessment year, to ensure they do not pay more than their fair share in real estate taxes. Successfully appealing in a reassessment year may provide 3 years of savings on future property tax bills. If you would like a free analysis of your Maine Township home, in comparison to similar properties, we would be happy to conduct a “no obligation” analysis and provide you with a free estimate of how much we believe we could help you save with an appeal.
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Cook County Assessor’s Office Opens Elk Grove Township for 2016 Property Tax Appeals

The Cook County Assessor’s Office has announced that assessment notices were mailed on May 5, 2016, for Elk Grove Township.Cook County Property Tax Appeal

The deadline to file a 2016 property tax appeal at the Cook County Assessor’s Office is June 6, 2016.

Elk Grove Township valuation statistics can be found here.

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Lake View Township 2019 Assessment Notices Mailed

Lake ViewChicago’s Lake View Township 2019 property assessment notices were mailed by the Cook County Assessor’s office on Monday, April 29th to property owners. The one month window to appeal your 2019 assessed value is now open until the deadline of May 30th.

We recommend homeowners review their assessments annually and appeal each year if there is a strong evidence based argument that their home may not be assessed fairly. Lake View Township was reassessed last year so an appeal this year may result in two years of savings, until Lake View’s next scheduled reassessment in 2021. You have the option to appeal every year at the Assessor’s office and at the Board of Review (the window to appeal at the Board will open in late summer/early autumn). If you’d like a professional opinion on your property’s assessed value as it compares to similar homes in your neighborhood contact us for a free, no obligation, review and analysis of your home.
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Assessor Mails 2017 Reassessment Notices to Berwyn

The Cook County Assessor’s office mailed 2017 triennial reassessment notices for Berwyn Township on Friday April 28th. If you own property in Berwyn Township the month long window to appeal your assessed value at the Assessor’s office is now open with a deadline of May 30th.Berwyn Township

Cook County townships are split into three groups for reassessment purposes. Each group is reassessed every three years by the Assessor’s office. You can find the triennial reassessment schedule here.

Appealing your assessed value in a reassessment year is a great opportunity to lock in multiple years of property tax savings. Contact us and we can provide a free professional analysis on the strength of a potential appeal argument for your property.

Get Your Free Property Tax Reduction Estimate

Investor Keeps Taxes Down, Profits Up With Kensington

Investor Keeps Taxes Down Profits UpFor Karl Peterson, residential property investment is a family business. The family buys buildings in need of repair, guts them, rehabs them and then rents them out.

With more than two decades of experience, Peterson has developed a sharp eye for a building’s potential. His pet peeve: “When people don’t do things the right way.”

Shoddy attempts at renovation are just work he’s going to have to redo. “I want it perfect,” he says.

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