Posts in category "Property Taxes"

Rahm Emanuel Looking To Increase Chicago Property Taxes 11.3%

Rahm Emanuel Looking To Increase Chicago Property Taxes 11.3%
You probably heard today that Rahm Emanuel is looking to increase Chicago property taxes by $500 MM. As the Chicago Tribune reported this is the largest property tax increase in modern history. I’m not sure the city has any other choice right now, given the consequences of past profligate city spending. What has not been... Read more »

What You Need To Know About The 2015 Chicago Property Tax Reassessment

What You Need To Know About The 2015 Chicago Property Tax Reassessment
Last week I gave you a preview of your 2014 Cook County property taxes but now we have to start worrying about 2015. In case you didn’t know it 2015 is the triennial Chicago property tax reassessment, which means the assessor’s office is coming up with one of the key numbers that determines your property... Read more »

Here's A Preview Of Your 2014 Cook County Property Taxes

Here's A Preview Of Your 2014 Cook County Property Taxes
In case you forgot…you still don’t know what your 2014 Cook County property tax bill is yet. All you’ve paid thus far is a rough estimate of the first half of the bill for 2014 and you’re waiting for them to come up with your balance due based upon their calculation of your total bill... Read more »
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Chicago Property Tax Inequality Revisited

Chicago Property Tax Inequality Revisited
Hey, Joe Berrios! You paying attention? Back in August I wrote a post on how Chicago’s property taxes hit the poor disproportionately in which I demonstrated how there was a systematic bias in the county’s assessed values for homes. More expensive homes had more of a negative valuation bias than cheaper homes. The effect was... Read more »

Chicago Property Taxes Hit Poorest Disproportionately

Chicago Property Taxes Hit Poorest Disproportionately
I’m certainly not trying to be a populist here but when something doesn’t make sense it really bothers me and I feel compelled to point out the absurdity (which is why I got into the real estate business but that’s another story). And when it comes to Chicago property taxes there’s a lot that doesn’t... Read more »

The Trick To Getting The Cook County Homeowner Property Tax Exemption After Buying A Home

The Trick To Getting The Cook County Homeowner Property Tax Exemption After Buying A Home
After buying a house getting that Cook County homeowner property tax exemption shouldn’t be that hard but you see….the government is involved…and not just any government but Cook County government. And that’s where it gets real tricky. I didn’t realize what a mess the process is until my own homeowner property tax exemption disappeared on... Read more »
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Wow! I Got My Cook County Property Taxes Lowered Even More!

Wow! I Got My Cook County Property Taxes Lowered Even More!
About 6 weeks ago I posted on the detailed process for appealing your Cook County property taxes. In that post I mentioned that I appealed my own property taxes (technically the assessed value) instead of engaging an attorney because I thought I would put more effort into my own situation than an attorney would and... Read more »

How To Appeal Your Cook County Property Taxes - The Details

How To Appeal Your Cook County Property Taxes - The Details
I’m finally getting around to finishing my series on appealing your Cook County property taxes. Last time I covered the basics, such as the overall process, the levels of appeal and the deadlines. And back in July I covered how your property taxes are calculated, how your assessed value impacts your property taxes, and the... Read more »

How To Appeal Your Cook County Property Taxes - The Basics

How To Appeal Your Cook County Property Taxes - The Basics
You probably just got your first half Cook County property tax bill for 2013 and it’s gotten you to start thinking about how high your property taxes are and how you need to appeal them. Now is actually the right time to start thinking about that because more than anything else you need to be... Read more »
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Cook County Property Taxes Double At 340 On The Park

Cook County Property Taxes Double At 340 On The Park
For some time it’s been quite apparent that the Cook County property taxes at 340 On The Park were going to double but not everyone was on the same page. The first clue was that the estimated property values of the units for 2011 were about half of the true market value. As I always... Read more »
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