West Suburban Homeowners Feel Property Tax Pinch
An analysis of effective property tax rates in 35 communities in Chicago’s West Suburbs shows homeowners there paying property tax rates significantly higher than the national average.
In Maywood, property owners paid an effective property tax rate of 3.96% according to an analysis of real estate sales data compiled by the Local Government Information Service, which publishes West Cook News. The rate, based on a median home price of $125,000, was more than three times the national effective rate of 1.19%.
The effective tax rate is a measure of the median tax paid as a percentage of the median home price. Other West Suburban neighborhoods are feeling the pinch as well, from Elmwood Park, where the median property tax rate was 2.15%, to Oak Park where the effective tax rate was nearly 3%. After Maywood, Countryside and River Grove paid the next highest effective property tax rates at 3.2% and 3.19%, respectively, the newspaper reported.
Group 6 Townships Open for Property Tax Appeals at Board of Review
The Cook County Board of Review has opened the sixth group of townships for 2018 property tax appeals. If your property is located in one of the 7 townships listed below the Board’s deadline to appeal your 2018 assessed value is December 27th.
All property owners have the opportunity to appeal their assessment at the Board of Review, whether an appeal was filed at the Assessor or not, to ensure their 2018 assessment is fair. Appealing at the Board may result in additional savings on top of what you may have already saved from an appeal at the Assessor’s office.
Board of Review Opens 4 More Townships for 2018 Property Tax Appeals
Four more townships have opened at the Cook County Board of Review for 2018 property tax appeals. If your property is located in one of the 4 townships listed below the Board’s deadline to appeal your 2018 assessed value is December 6th.
Whether you appealed at the Assessor’s office earlier this year or not, and whether your appeal was successful or not, everyone has the opportunity to appeal at the Board of Review to ensure their 2018 assessment is fair. Appealing at the Board may result in additional savings on top of what you may have already saved from an appeal at the Assessor’s office.
Inspiration Cafe Lives Up to Its Name
At Kensington Research and Recovery, we take a lot of satisfaction in being able to help ease the property tax burden for Chicago-area homeowners.
But for inspiration, we pair up once a year with an organization that devotes its efforts to helping people without homes, among other needy clients.
The Inspiration Cafe in Chicago’s Uptown neighborhood provides what it describes as “hot, nutritious meals” to its clients, 365 days a year.