Post Sposored by Relias Law Group, Ltd.
150 S. Wacker Drive, Suite 1600
Chicago, IL 60606
(312) 428-3016 Office

Allow me to introduce my firm. Relias Law Group, Ltd. is a boutique law firm concentrating on real estate tax appeals and assessment law. This is our first contribution to the Chicago Condo Resource blog. We hope to contribute regularly with information regarding news that impacts your real estate taxes.

The city of Chicago is undergoing its regular triennial reassessment. As such, ALL properties in the city of Chicago will receive new assessed values that will be used in calculating your 2018 real estate taxes payable in 2019. The townships receiving reassessments are as follows:

Township

Average % Change

CCAO Appeal Deadline Date

Rogers Park

+18.22%

5/23/18 (passed)

Lake View

+31.24%

6/7/18 (passed)

Hyde Park

-0.33%

7/19/18 (passed)

Jefferson

+18.63%

8/16/18

Lake

TBD

TBD

North Chicago

TBD

TBD

South Chicago

TBD

TBD

West Chicago

TBD

TBD

As you can see, the average value change varies greatly from township to township. It is important to review your assessed value immediately when it is issued to determine if your assessment is fair. Excessive assessments will result in the property owner paying an unfair portion of the real estate taxes. The appeal window before the Cook County Assessor is only open for 30 days from the time assessments are published. A “second chance” to appeal your assessment before the Cook County Board of Review will occur later this year.

Of the city of Chicago townships, currently only Jefferson Township is open for appeals. Lake, North, South and West will be opening in the upcoming weeks. If you need help in determining if you assessment is excessive, please contact us at (312) 428-3021. If you have missed the deadline or your property is located in the suburbs, contact us anyway. We may be able to fight the assessed value before the Board of Review. No one should pay more than their fair share of the county’s tax burden.

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