Courtesy of Elliott & Associates Attorneys, P.C.
www.elliottlaw.com

Cook County’s second installment of tax bills have been mailed and are due August 1, 2019.

Here are the trends that may affect your tax bill:

1. All properties in Chicago were reassessed last year and the highest value homes and condos saw the largest assessment increases.
2. Taxes for commercial properties increased much more than homes and condos.
3. The suburbs were not reassessed in 2018 so tax increases are modest.
4. Due to major disruptions, appeals didn’t receive the reviews they deserved, mistakes were made, and many appeals were denied. This will likely lead to a large amount of third level appeals to the Property Tax Appeal Board for 2018 and more Assessor and Board appeals in 2019.

The Cook County Clerk recently published a detailed report discussing the 2018 tax rates. Click here if you would like to read a copy of that report.

As you receive your tax bills, be sure to remain vigilant in monitoring your assessment, strategic in convincing assessing officials, and persistent in pursuing your case.