Cook County Property Tax Bite Could Get Even Worse Under House Plan

Property Tax DeductionJust when you thought the property tax situation for Chicago and Cook County residents couldn’t get any worse: a provision in the House tax plan would cap the property tax deduction for federal income tax filers at $10,000. The current deduction is $15,000.

The Senate’s tax plan would eliminate the tax deduction altogether.

This is yet another reason why appealing your property taxes is so important, and the only way to ensure you only pay your fair share.
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Board of Review Opens Group 5 Townships for Appeals

Cook County Property Tax AppealThe Cook County Board of Review has opened Group 5 for 2017 property tax appeals. If your property is in one of the townships listed below you have until the deadline of December 12th to appeal your 2017 assessment at the Cook County Board of Review.

  • Wheeling
  • West Chicago
  • Worth

The Cook County Board of Review is an independent government agency, separate from the Assessor’s office, and has the authority to reduce property valuation assessments.
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Don’t Fall for These Common Misconceptions about Your Property Tax Bill

Cook County Property Tax Appeal MisconceptionsHomeowners sometimes mistakenly give up on the property tax appeal process because they successfully reduce their assessed value once, but then have the Assessor raise their assessment the following year. They then conclude that the time and money they spent on their appeal was a waste.

Any reduction in assessed value achieved in an appeal will result in tax savings for at least one year.
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Group 4 Opens For Appeals At Board of Review

Cook County Property Tax AppealTownships in Group 4 opened for tax year 2017 property tax appeals at the Cook County Board of Review on October 30th. If your property is located in one of the townships below you have until the deadline of November 28th to appeal your property’s 2017 assessment at the Board of Review.

  • Calumet
  • Leyden
  • Lyons
  • Stickney

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Bigger Property Tax Exemptions Do Not Always Bring Savings

Cook County Property Tax Exemption ChangesWhile some Cook County residents could see savings as the result of recently expanded property tax exemptions for homeowners and seniors, anything that comes out of the tax base on one side of the equation, generally has to be added back in on the other.

Bigger is not always better…
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Board of Review Opens Group 3 Townships for Appeals

The Cook County Board of Review opened the third group of townships for 2017 appeals on September 25th. If your property is in one of the listed townships below you have until the deadline of October 24th to appeal your property’s 2017 assessment at the Board of Review.Cook County Property Tax Appeal

  • Berwyn
  • Elk Grove
  • Maine

Whether you missed the appeal window at the Assessor’s office earlier this year, or if you did appeal and were unsatisfied with the Assessor’s office determination, you still have a final opportunity to appeal your 2017 assessment at the Board of Review. Successful 2017 appeals will help to make sure you only pay your fair share in taxes on your 2nd installment property tax bill in July 2018. If you do not appeal now at the Board of Review there is not another opportunity to appeal your 2017 assessment.

Contact us for our free professional opinion on the assessed value of your property in comparison to others and to discuss your best options for an appeal. We will only recommend an appeal for you if we think there is a strong appeal argument to be made.

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South Chicago 2017 Assessment Notices Mailed

The Cook County Assessor’s office has mailed 2017 assessment notices to properties located in South Chicago Township. The opportunity to appeal your assessment is now open through the deadline of October 16th.Cook County Property Tax Appeal

South Chicago is scheduled to be reassessed in 2018 but you may appeal your assessment each and every year, regardless of when your property is reassessed by the county. Contact us before the October 16th deadline if you would like a free analysis and professional opinion on your assessment in comparison to others and your appeal options.

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Reassessment Notices Mailed to Bloom Township

Bloom Township reassessment notices were mailed by the Assessor’s office on Friday, September 15th. The 30 day window to appeal your assessment at the Assessor’s Office is open until October 16th.Bloom

Bloom is in the south group of townships which is being reassessed in 2017 by the Assessor’s office. You can locate complete valuation statistics for Bloom Township on the Assessor’s site here.

Contact us before the October 16th deadline for a free analysis and professional opinion on your reassessment valuation in comparison to others and your appeal opportunities. Appealing in a reassessment year may allow you to achieve savings for multiple years on your future property tax bills, until your next triennial reassessment in 2020.

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Property Managers Can Save Big with Property Tax Appeals

Property Manager Tax Appeal Cook CountyIf you are a property manager or the owner of rental or investment property, overlooking one of the multiple ways in which your property may qualify for tax reductions can be an expensive oversight.

At Kensington Research and Recovery, our work on behalf of property managers and investors has resulted in tens of thousands of dollars in savings generated from little-known avenues of appeal.
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