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:
- All properties in Chicago were reassessed last year and the highest value homes and condos saw the largest assessment increases.
- Taxes for commercial properties increased much more than homes and condos.
- The suburbs were not reassessed in 2018 so tax increases are modest.
- 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.