Tag Archives: assessor’s office

Cook County Condo Association Property Tax Appeals

Cook County Condo Property Tax AppealIf you own a condominium in Cook County, you’re entitled to appeal your property taxes with the Assessor’s Office and Board of Review just like any other homeowner. However, there are a few key differences and best practices that will help you ensure a maximum property tax reduction.

Agreement Approval

Condo property tax appeals generally need to be done on behalf of the condo association. An officer of the homeowner’s association needs to commission the appeal, with either the condo board’s approval by a 2/3 vote, or by the vote of a majority of the unit owners, in order to move forward with an appeal.

Condo Property Tax Appeal Best Practices

As for homeowners, the following property tax appeal practices apply in order to receive a maximum reduction:

Kensington Research has helped achieve tax relief for over 10,000 condo and homeowners in Cook County since 1999.

Contact us today to learn more about appealing your condo property taxes

Chicago Property Tax Hike: Getting Closer…

Chicago Property Tax Hike: Getting Closer...We’ve all heard about the City of Chicago’s proposed property tax increase to cover a gaping hole in the budget.

As Thomas Corfman of Crains Chicago reported on July 29, 2015, more and more city aldermen are getting on board the property tax hike train, which could amount to $250 million: a 32% year-over-year increase from the property tax levy in 2014.

An excerpt of his article:

“‘In normal times there would be mighty resistance (to a big property tax hike), but the aldermen and public as a whole have become educated as to just how dire the city’s financial situation is,’ said Ald. Joe Moore, 49th, who was elected in 1991 and ranks third in seniority on the council. ‘While there will still be considerable political blowback on a property tax vote, I don’t think it is fatal because the alternatives are worse.’

“Support for a city income tax as an alternative to a property tax hike is growing, said Ald. Roderick Sawyer, who represents the 6th Ward on the South Side. But such a solution would require a change in state law, and wouldn’t come quickly, if at all. In the meantime, while smaller tax hikes and budget savings will help, consensus is growing on the council that a big property tax hike will be necessary, aldermen say.”

Never a Better Time to Appeal Your Property Tax Assessment

The above serves as yet another reminder to appeal your property tax assessment, both at the Cook County Assessor’s Office and at the Board of Review. If you don’t, you may pay more than your fair share of property taxes.

Contact us to get a free property tax reduction estimate

Appealing Your Property Taxes at the Cook County Board of Review

Cook County Property Tax AppealDid you miss your window to appeal your property taxes with the Cook County Assessor, or did you file an appeal with them only to have it denied?

You only have a month to appeal and the Cook County Assessor’s Office only sends out one assessment notice to a homeowner when the window to appeal opens for your township.

Don’t Panic

If so, remain calm: you can appeal when the Cook County Board of Review opens their window for your township in the second half of this year. Their purpose: “Ensuring Fair and Timely Review of Property Assessment Appeals throughout Cook County.” As it states in their mission statement, “The Board of Review serves to be an impartial judge of property assessments; a separate office to provide a check and balance to the Assessor’s Office which is responsible for initially determining your total assessment.”

The Board of Review has the authority to reduce your property tax assessment and our clients were successful 77% of the time last year with appeals through their office. Board of Review property results come 3-6 months after their appeal window closes. Have no fear: even if you receive results in the new year your new revised assessment will be applied to your second installment tax bill!

Why Appeal Twice, Each Year

Even if you did appeal your property taxes with the Cook County Assessor, an additional reduction is still possible by also appealing with the Board of Review. Our clients’ more than 10,000 successful appeals include many instances of achieving property tax reductions at both the County Assessor and the Board of Review.

And, because so much changes from year to year, we recommend that you appeal every year with both the Cook County Assessor and Board of Review, especially in the first year of each township’s triennial reassessment.

What Are You Waiting For?

Since there are no costs and absolutely no risk, all Cook County homeowners should consider appealing their property taxes at these offices. Consider also using a service like ours: no upfront costs, no risks and we track all the deadlines at both offices so you don’t have to.

Contact us for a free estimate on what your property tax appeal reduction could look like if appealed with the Cook County Board of Review