Tag Archives: assessor’s office

Property Tax Deadline a Reminder of the Need to Appeal

Cook County Property Tax SurpriseThe deadline for Cook County homeowners to pay the second installment of their 2015 property taxes has now passed. Anyone who failed to meet the Aug. 1 deadline will need to pay a 1.5% interest penalty, assessed each month of the delinquency.

Worse: your tax liens can be sold to investors during the county treasurer’s annual tax sale, after you receive a formal written warning. The individuals and organizations that buy tax liens frequently receive high interest rates on the taxes that they buy—as much as 36% a year. If you don’t pay off the lien by the end of the redemption period, the tax buyer can acquire legal title to your property.
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Cook County Assessor’s Office Opens Northfield Township for 2016 Property Tax Appeals

The Cook County Assessor’s Office has announced that assessment notices were mailed on July 28, 2016, for Northfield Township.Cook County Property Tax Appeal

The deadline to file a 2016 property tax appeal at the Cook County Assessor’s Office is August 29, 2016.

Northfield Township valuation statistics can be found here.

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Illinois Pays the Nation’s Highest Property Tax Rates

Illinois Pays Highest Property TaxesIf you suspect that you’re paying too much in property taxes, consider this: Illinois has the highest median property tax rate in the United States, with various taxing agencies levying a combined rate of 2.67%, according to a nationwide analysis by CoreLogic, an Irvine-based research firm serving the global real estate and financial services industries.

The average median property tax rate across the country is 1.31%, which means that the owner of a home valued at $200,000 would pay annual property taxes totaling $2,620. In Illinois, however, a homeowner would pay $5,340 a year on a property of the same value. In Hawaii, which has the lowest median property tax rate at 0.31%, homeowners pay only $620 per year.

Only six other US states, all but one in the Northeast, have median property tax rates of more than 2%. As the Chicago Tribune points out, the states that border Illinois in the Midwest all have considerably lower property tax burdens: Indiana (0.88%), Missouri (1.26%), Iowa (1.69%) and Wisconsin (1.95%).
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Why the Cook County Assessor Wants You to Appeal

Cook County Assessor's OfficeThe National Taxpayers Union has estimated that as many as 60% of taxable properties in the United States are over-assessed, but fewer than 5% of property owners nationwide challenge their assessments.

The reasons for this include being too busy, lacking awareness and knowledge of the process, assuming that an appeal would be a waste of time because it likely would be unsuccessful, and not paying attention to deadlines. In actuality, appealing your property tax assessment might save you hundreds or thousands of dollars a year – and the Cook County Assessor’s office wants you to appeal, even though they’re the ones assessing your property…
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Cook County Assessor’s Office Opens Leyden Township for 2016 Property Tax Appeals

The Cook County Assessor’s Office has announced that assessment notices were mailed on June 15, 2016, for Leyden Township.Cook County Property Tax Appeal

The deadline to file a 2016 property tax appeal at the Cook County Assessor’s Office is July 15, 2016.

Leyden Township valuation statistics can be found here.

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Cook County Assessor’s Office Opens Maine Township for 2016 Property Tax Appeals

The Cook County Assessor’s Office has announced that assessment notices were mailed on May 26, 2016, for Maine Township.Cook County Property Tax Appeal

The deadline to file a 2016 property tax appeal at the Cook County Assessor’s Office is June 27, 2016.

Maine Township valuation statistics can be found here.

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