Author Archives: admin2

Cicero Township 2019 Assessment Notices Mailed

town_of_cicero_sealCicero Township 2019 property assessment notices were mailed by the Cook County Assessor’s office on Friday, April 12th to Cicero property owners. The 30 day window to appeal your 2019 assessed value is now open until the deadline of May 13th.

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. Cicero Township’s next triennial reassessment is scheduled for 2020. However, if you feel that your assessment is not fair there is no need to wait to appeal, you have the option to appeal every year at the Assessor’s office and at the Board of Review. If you’d like a second 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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Reducing the Impact of the Chicago Property Tax Death Spiral

Cook County Property Tax Death SpiralYou’ve probably seen the legion of articles on how the population is declining in Chicago, Cook County, the entire Chicagoland area, and the entire state of Illinois. One of the top reasons given for the mass exodus: increasing property taxes.

While a decreasing population means that every remaining homeowner’s property tax burden is likely to increase further, there is a way to mitigate this risk without having to move.
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Lake View Township Assessment Notices Mailed

Lake View Township assessment notices have been mailed by the Cook County Assessor’s office. The 30 day window to appeal your property’s assessed value is now open. The deadline to file an appeal at the Assessor’s office is May 10th.Lake View

Cook County townships are divided into 3 groups for the purposes of triennial reassessments. Lake View is in the city group which was reassessed in 2015 and will next be reassessed in 2018. If you missed your opportunity to appeal in 2015 or 2016 this is your last opportunity to appeal your assessment before you are reassessed in 2018. Due to a constantly changing market we believe it is in your interest to thoroughly review your assessment each year in order to determine whether an appeal makes sense or not.

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Property Tax Appeal is a No-Lose Investment, Just Ask an Investor

Cook County Property Tax Appeals & Investor SavingsMaximizing the return on investment for a piece of real estate means keeping a close watch on your expenses.

That’s why Sam Sharp, executive vice president of a top 5 mortgage lender in Chicago and a residential property investor, knows better than to simply accept the initial valuation sent out by the Cook County Property Assessor.

Acting on this knowledge has saved him over $7,000 and, perhaps more importantly, a lot of time.
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How to Prepare for Mortgage Refinancing

how to prepare for mortgage refinancingWith rates bouncing into near historic lows, it might seem like a great time to look into mortgage refinancing. But with so much still unsettled in the economy and the coronavirus fallout still uncertain, experts expect rates – and processes – to fluctuate for weeks to come.

It’s a combination of factors that has left many lenders with a record number of re-finance applications and a diminished capacity for processing them. Lenders are taking two to three times longer to process loans, according to our mortgage expert.

At the same time, the mortgage secondary market – in which investors purchase packages of closed loans – is showing little interest in packages of loans with very low interest rates during a period of heightened economic risk.
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Cook County Assessor’s Office Opens Palatine Township for 2016 Property Tax Appeals

The Cook County Assessor’s Office has announced that assessment notices were mailed on April 7, 2016, for Palatine Township.Cook County Property Tax Appeal

The deadline to file a 2016 property tax appeal at the Cook County Assessor’s Office is May 9, 2016.

Palatine Township valuation statistics can be found here.

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Reassessment Hikes Hit Some Evanston Homeowners Hard

Reassessment Hikes Hit Some Evanston Homeowners HardSome Evanston homeowners seeing the results of the recently completed property tax reassessment are reeling from increases of more than 50 percent, according to news reports.

The reassessment, while conducted under a formula tweaked by a new tax assessor working to revamp the much-criticized processes under his predecessor, is not expected to bring much good news to the county’s northernmost townships, particularly for homeowners along the lakefront.

Cook County Commissioner Larry Suffredin, who urged residents to appeal their assessments both to the assessor’s office and to the Cook County Board of Review, reported through his office that homeowners along the lake had median increases in assessed values of 50%, while those in Evanston’s south and southwest neighborhoods had median increases of between 6% and 9%.
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