Posts in category "Property Taxes"

More Chicago Property Tax Anomalies

More Chicago Property Tax Anomalies
A couple of weeks ago I published a guest post on How Property Tax Misconceptions Can Be Costing You Thousands Every Year. In that post there was a passing statement about how the Cook County Assessor uses “ratio studies” to reassess properties. That statement, along with some other points in the article, caught my eye... Read more »

How Property Tax Misconceptions Could Be Costing You Thousands Every Year (And What to Do about It)

How Property Tax Misconceptions Could Be Costing You Thousands Every Year (And What to Do about It)
This is a guest post written by Chad Rothrock, Director of Operations at Kensington Research & Recovery, which consults with homeowners and businesses on appealing their property tax assessments to reduce future property tax payments. For Cook County homeowners, property tax news is almost never good news: taxes are going up. The system is rigged... Read more »

Do You Have Any Idea How Crazy High Illinois Property Taxes Can Be?

Do You Have Any Idea How Crazy High Illinois Property Taxes Can Be?
About 2 years ago I posted on how Chicago Property Taxes Are Some Of The Highest In The Nation And Heading Higher. In that post I showed some of the analyses of property tax rates by state but those averages don’t even begin to tell the whole story of Illinois property taxes. It’s actually much... Read more »
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More Evidence That It's Time For Joseph Berrios To Go

More Evidence That It's Time For Joseph Berrios To Go
Back in June I posted on the Chicago Tribune’s expose on just how screwed up the Cook County Assessor’s office was, resulting in huge discrepancies between the tax bills for expensive and cheap properties in the area. Then, just last week, ProPublica, in conjunction with the Chicago Tribune, published another analysis that showed major problems... Read more »

Cook County Assessor Primary: Your Chance To Fix Property Tax System

Cook County Assessor Primary: Your Chance To Fix Property Tax System
Back in June I wrote about the Chicago Tribune’s excellent expose on the broken Cook County property tax assessment process which pointed out that lower priced properties are being over-assessed while higher priced properties are being under-assessed. It’s a problem that I have noted anecdotally from time to time. It seems that numerous properties that... Read more »

Chicago Tribune Exposes Screwed Up Cook County Property Tax Assessments

Chicago Tribune Exposes Screwed Up Cook County Property Tax Assessments
Last Thursday I posted on the new Cook County property tax rates for the suburbs and Chicago for 2016 which are rising about 10%. But there is a more sinister issue underlying property taxes in the county that I’ve often wondered about in past blog posts. For instance, I’ve often highlighted on some of the... Read more »
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2016 Cook County And Chicago Property Tax Rates Released

2016 Cook County And Chicago Property Tax Rates Released
A couple of days ago the Cook County Clerk’s office released the 2016 property tax rates for Chicago and the suburbs and it was another double digit increase primarily driven by…no surprise…an urgent need to fund the city’s deficient pension funds. And this is despite an increasing tax base in the county. All because previous... Read more »

Yep, High Taxes Drive People Away

Yep, High Taxes Drive People Away
I ran across a great blog post on the BiggerPockets Web site that is well worth the read: New Data Shows Americans Fleeing High-Tax States. In case you are not familiar with BiggerPockets it’s a community for real estate investors and they are interested in topics like this because it has implications for where to... Read more »

2015 Cook County And Chicago Property Tax Preview

2015 Cook County And Chicago Property Tax Preview
Last week the Cook County Clerk’s office released the 2015 property tax rates for Chicago and the suburbs and it wasn’t nearly as bad as I was expecting. I thought I would be hit by both an increase in the assessed value of my home and an increase in the effective tax rate in order... Read more »
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Chicago Property Taxes Are Some Of The Highest In The Nation And Heading Higher

Chicago Property Taxes Are Some Of The Highest In The Nation And Heading Higher
Since I’m personally staring at a 45% property tax increase for 2015 I’m spending far too much time thinking about Chicago property taxes. I already tried to appeal mine myself but made little headway at the first level so I’m bringing in professional appeal attorneys to take it to the next level – the Cook... Read more »