Tag Archives: comps

5 Ways to Avoid Overpaying Your Property Taxes

5 Ways to Avoid Overpaying Your Property TaxesIn her recent article, Are You Paying Too Much Property Tax?, Vera Gibbons of Zillow identifies five ways to help ensure you’re not paying more in property taxes than you should:

  1. Correct Basic Errors: verify that there are no mistakes on your property card, including dimensions, acreage, value, bedrooms, bathrooms, garage size, and other key amenities like a fireplace or swimming pool; if you find any errors, you may qualify for a reduction in your property taxes
  2. Comps: compare your home’s property information with your neighbors that have similar homes in terms of age, size, style, proximity, and condition; if you’re assessed higher to a comparable property, you can make an argument for a property tax reduction
  3. Unique Conditions: if there is anything about your property or neighborhood making it somewhat undesirable, e.g. proximity to busy streets, power lines or commercial operations like a factory, you may qualify for a property tax reduction
  4. Improvements: if your property tax bill includes structural enhancements that were never made, than you have a good case for a reduction in your property taxes
  5. Exemptions: property tax reductions are often available for seniors, people with disabilities, veterans, historic buildings, and homes with certain energy efficient enhancements

Read the whole article here

Property Tax Appeal Service

If you think you may qualify for a property tax reduction on your property taxes for your home or business because of anything listed above or for any other reason, contact us for a free estimate on the maximum deduction we project for you.

We’ve helped more than 10,000 clients in Cook County and throughout the Chicagoland area save $1,000 or more on their property taxes since 1999.

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Why Appeal Your Property Taxes Every Year

Why Appeal Cook County & Chicago Property Taxes Every YearThe conventional wisdom is to appeal your Cook County property taxes once and be done with it.

Even better: some make sure they appeal after the county has re-assessed property taxes every three years based on their triennial schedule (1/3 of all 38 Cook County townships are re-assessed each year).

Even better yet is to appeal every year – or to at least have Kensington run a free, no-obligation property tax appeal estimate to see how much savings may be achieved and if it’s worth the effort. Here’s why this makes sense.
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Two Changes to Your Home that Should Lower Your Property Taxes

Property Tax Appeal for Vacant or Uninhabitable HomesMost property tax reductions are achieved by successfully associating your home with comparable homes (comps) that are assessed less than yours.

However, there are two additional scenarios that could dramatically reduce your property assessment and tax bill: home vacancy and if your home is uninhabitable.
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