Tag Archives: assessor’s office

Property Taxes Got You Down? Do What the Politicians Do…

Chicago Aldermen Appeal Cook County Property TaxesJust in the past year, Rahm Emanuel has increased property taxes by an ulcer-inducing $838 million – and there are still massive budget deficits that need to be plugged sooner than later beyond these increases. What can you do for relief?

Simply put, do what the politicians do: appeal your property taxes. Some may think this is evidence of corruption but it’s not: it’s 100% legal, and it works.

Read on to find out why it’s time to stop paying more than your fair share by taking a page from The Machine’s playbook.
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Cook County Assessor’s Office Opens Hanover Township for 2016 Property Tax Appeals

The Cook County Assessor’s Office has announced that assessment notices were mailed on September 13, 2016, for Hanover Township.Cook County Property Tax Appeal

The deadline to file a 2016 property tax appeal at the Cook County Assessor’s Office is October 13, 2016.

Hanover Township valuation statistics can be found here.

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Cook County Assessor’s Office Opens Bloom and Niles for 2016 Property Tax Appeals

The Cook County Assessor’s Office has announced that assessment notices were mailed on September 6, 2016, for Bloom and Niles Townships.Cook County Property Tax Appeal

The deadline to file a 2016 property tax appeal at the Cook County Assessor’s Office is October 6, 2016.

Niles Township was reassessed in 2016 and valuation statistics can be found here.

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

The Cook County Assessor’s Office has announced that assessment notices were mailed on August 19, 2016, for Schaumburg Township.Cook County Property Tax Appeal

The deadline to file a 2016 property tax appeal at the Cook County Assessor’s Office is September 19, 2016.

Schaumburg Township valuation statistics can be found here.

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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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