New Trier Township 2020 Assessment Notices Mailed

New Trier2020 property assessment notices were mailed by the Cook County Assessor’s office on Thursday, March 5th, to New Trier Township property owners. The window to appeal your 2020 assessed value is now open until the deadline of May 1st.

We recommend property owners review their assessments annually and appeal whenever there is a strong evidence based argument that your home may not be assessed fairly. New Trier Township was reassessed in 2019 but even if you appealed last year you may appeal your assessment again this year. A successful appeal in 2020 may result in two years of savings, until New Trier is reassessed in 2022. The best way to ensure you never pay more than your fair share in property taxes is to review your assessment every year and appeal whenever you have a strong basis for an appeal argument, no matter where your township is at in the triennial reassessment cycle.
Continue reading

How to Read Your Cook County Property Tax Bill

How to Read Your Cook County Property Tax BillIt’s probably your least favorite piece of mail that you will receive all year: your Cook County property tax bill. How do you read it, when can you appeal it, when are these reductions applied, and when are property tax exemptions applied?

Read on: all will be revealed in this blog post.

First Installment & Due Date

Unless you are a fully exempt veteran that is disabled 70% or more, the first installment of your Cook County property tax bill is automatically calculated to be 55% of the total that was due in the previous year. A law passed by the Illinois Legislature in 2009 raised the first installment tax from 50% to 55% of the prior year’s total tax. The first installment payment due date is always the first business day in March.
Continue reading

Commercial Property Managers: The Property Tax Appeal Success Formula

Commercial Property Tax AppealsFew issues are as complex as Chicago property taxes for commercial property owners, with factors like perceived market value, income, and several other factors determining your tax bill. Given the fiscal crises in Illinois, Chicago and other municipalities, the likelihood of future commercial property tax hikes is strong.

The Good News: there is an easy, no-risk way for commercial property managers like you to save their owner clients thousands per year on their property taxes.
Continue reading

Partial Property Tax Deferral Available for Some Harris County Residents

Harris County

If you live in Harris County Texas and you’re worried that you won’t be able to pay the total amount due on your property taxes, a deferral is an option to postpone paying part of them.

It’s a deferral of taxes on increases in the value of your primary residence and it allows you to postpone paying taxes on a portion of the appreciating value of your home. You must file a tax deferral affidavit to take advantage of this option, which can be done for free at the Harris County Appraisal District’s (HCAD) office.

How Does It Work?

According to HCAD, this residence homeowner tax deferral allows eligible homeowners to pay property taxes on 105% of the preceding year’s appraised value of their home, plus the taxes on new improvements, and postpone paying the remainder for as long as they own and live in the house. The remainder of the taxes must be paid on time every year and interest on the deferred amount will accrue at 8% a year.
Continue reading

Are All Property Tax Appeal Services the Same?

Property Tax Appeal Service: Buyer BewareAs with many things, doing your homework is the key to success in appealing your property tax assessment, especially in Chicago and throughout Cook County.

Some homeowners receive mailings from lawyers and other services they never heard of. Others see billboards and other advertising from online services. Are they legit or is it a scam? Do they have the right experience or is it vaporware?

Here’s what you can do to determine whether to use a property tax appeal service and which one could be the right fit for you.
Continue reading

Assessment Notices Mailed For New Trier and Norwood Park

Assessment notices have been mailed by the Cook County Assessor’s office for New Trier and Norwood Park. If you own property in either of these townships the one month window to appeal your 2017 assessment at the Assessor’s office is now open. The deadline to file an appeal is April 3rd.Cook County Property Tax Appeal

Cook County has 38 townships which it divides into three groups for the purposes of reassessment: city, north suburbs and south suburbs. New Trier and Norwood Park townships are both located in the north suburbs group.  The next scheduled triennial reassessment year for the north suburbs group is 2019. However, you may appeal your assessment every tax year, including in non-reassessment years. Due to regular changes in the housing market we believe reviewing your assessment annually, to determine whether or not an appeal makes sense, is in your best interest.

Get Your Free Property Tax Reduction Estimate