Uncategorized

2019 Appeal Dates

No matter where you live in Cook County – this could be your last chance to file an appeal for the 2019 tax year. Go to www.appealmytaxes.com right now to make sure you don’t miss another deadline.

Go to https://appealmytaxes.com/2019-appeal-schedule/ to see what dates have already passed.

Read more...

2018 Appeal Updates

The 2018 Appeal Calendar has closed. All of the Townships have been reported by the Cook County Assessor. As of February 6, 2019, the Board of Review has only released results for the following Townships:

Riverside – River Forest – Norwood – Evanston – Berwyn – Oak Park New Trier – Elk Grove – Palos – Cicero – Maine – Rogers Park -Bremen – Lyons – Northfield – Stickney – Barrington – Calumet – Hyde Park

All other Townships have not been released as of yet.

THE PROPERTY TAX APPEAL CYCLE AND YOUR TAXES

The Property Tax Appeal Cycle is long. It can take anywhere from 6-8 months to appeal at the Assessor and the Board of Review. During that time, we receive notices from the Assessor and the Board of Review about any reduction in Assessed Value achieved.

But don’t worry, any reduction achieved will automatically be reflected on the Second Installment of your tax bill that is issued in the summer.

Hence, if we are appealing your 2018 assessed value, the reduction we achieve will be reflected on the tax bill you receive in the summer of 2019. You will get your First Installment Tax Bill, and that amount will be 55% of the total 2017 tax bill.

For example, lets say your total 2017 tax bill was $10,000. Regardless if you appeal your 2018 taxes or not, you will receive the First Installment of your 2018 Tax Bill in February, 2019 in the amount of $5,500. Then the Second Installment of the 2018 Tax Bill will be due in August of 2019. It is the Second Installment that will be calculated on the increase/decrease of assessed value.

Read more...

17 Appeal Deadlines are Closing Over the Next Three Weeks

Over half of the Cook County Townships have closed for appeals at the Cook County Assessor. The Townships (and Deadlines) that are currently open at the Assessor are:

Jefferson Township – 8/16
Proviso Township – 8/17
Wheeling Township – 8/17
Orland Township – 8/20
Lake Township – 8/30
Palatine – 9/4

If you did not file an appeal at the Assessor, YOU HAVE ONE LAST CHANCE for 2018. The Board of Review will open on August 1, 2018 and will close August 30th, 2018. This will be the LAST opportunity for taxpayers in the following Townships:

Riverside
River Forest
Norwood Park
Evanston
Berwyn
Oak Park
New Trier
Elk Grove
Palos
Cicero
Maine

Read more...

Townships Open for Appeal

As of July 17, 2018, all taxpayers still have an opportunity to file an appeal of their 2018 valuations. Some Townships have closed at the Assessor, but taxpayers can still register for filing with the Board of Review.

Townships Open at the Assessor Now
Hyde Park – Closes 7/19
Worth – Closes 7/23
Leyden – Closes 7/30
Jefferson – Closes 8/16
Proviso – Closes 8/17
Wheeling – Closes 8/17

Read more...

Your Tax Bill vs Your Tax Appeal

Many people wonder if they should pay their property tax bill while in the middle of a property tax appeal in Cook County. The short answer is – YES!

The tax bill you received in the mail in July of 2018 is the second installment of your 2017 tax bill. The opportunity to appeal the taxes due on the current tax bill passed several months ago. If you have an appeal pending at the Assessor currently, this is for the 2018 taxes, payable in 2019.

 

Read more...

The Second Installment of the 2017 Cook County Taxes went up at least 8% – results on Cook County Treasurer

The Cook County Treasurer has released the Second Installment of the 2017 Taxes. Property Taxes in Chicago went up 8% alone! Check out your Second Installment here,

https://www.cookcountytreasurer.com/

What you should know.

  1. It is too late to file an appeal for the taxes due on this bill.
  2. It is not too late to file an appeal for 2018. Even if they missed the appeal deadline at the Cook County Assessor, we can still file an appeal at the Cook County Board of Review.
  3. The appealmytaxes.com system allows for a comprehensive analysis of the appeal case, including checking for allowable exemptions.
  4. No Reduction = No Fee

File your tax appeal now at appealmytaxes.com

Read more...

Changes to the General Homestead and Senior Citizens Homestead Exemption

Make sure to apply for your exemptions! The General Homestead Exemption and the Senior Citizen Homestead Exemption have increased for 2017. Originally, the Homeowner Exemption was 7,000 in equalizes assessed value. This has been increased to 10,000. Then, the Senior Citizen Exemption increased from 5,000 to 8,000 in equalized value. In both cases, the Exemptions are applicable to the Second Installment of the 2017 Tax Bill paid in the summer of 2018.

What Does That Mean?

The average Home Owner will have their tax bill reduced by about $200 annually, and Seniors will have their tax bill reduced by about $400.

 Without ExemptionsBefore Exemption IncreaseAfter Exemption Increase
Taxes $9,831.52$ 8,989.78$8,568.91
Assessed Value50,000 50,000 50,000
Equalization Factor (2016) 2.80322.8032 2.8032
EAV (Equalized Assessed Value)140,160140,160140,160
Home Owner Exemption7,000 10,000
Senior Exemption 5,0008,000
Reduced EAV 140,160 128,160 122,160
Local Tax Rate (2016)7.0145%7.0145%7.0145%

 

 

Notice: All editorial content in this blog is provided as opinion only. Because rules and interpretations change, all editorial content is provided as-is. We are not representing this article as legal advice.
Read more...