This is a higher-level blog post written for property owners who have utilized property tax appeal representatives on a frequent basis in the past. After many years of representing property tax matters to the exclusion of other matters, we deeply understand the standard of care and the best practices in our industry. When we respond …
Top Five Things to Ask When Choosing a Property Tax Appeal Provider Read More »
1.You can do a ‘back-of-the-napkin’ analysis on whether the property you are purchasing is over assessed considering your purchase price. Outside Cook County: Find the property index number or ‘PIN number’ on the Multiple Listing Service sheet (residential) or CoStar (commercial). Go to the county and/or township website and input the PIN number. Look for …
The property tax code says that assessing officials should grant farm classification after two years ofcontinuous farming activity. For cropland, that means that more than half the property needs to beplanted and harvested annually for two years before farm classification should apply. For pastureland,the property needs to be fenced and utilized for grazing for two …
How can I get farm classification on my property? Read More »
Unclear. The Assessor already has access to enormous amounts of data on commercial rents and expenses thathave come into assessing offices over the past several years. Additionally, there are data aggregationservices that offer comprehensive information about market rents, expenses, and cap rates in CookCounty. Rather than use the data at hand, there have been three …
Should I Fill Out the Cook County Assessor’s Voluntary RPIE Form? Read More »
1. When an assessed value is reduced, the taxing districts lose money. In Illinois, many taxing districts are subject to the Property Tax Extension Limitation Law (PTELL). This means, forexample, that a school district can only ask for a certain amount over and above whatever they askedfor last year (with some complex exceptions for new …
The short answer is that you don’t: any property owner is allowed to represent themselves pro se (i.e. without a lawyer) so long as the property is held in that individual’s name or in a trust for the benefit of the individual appealing. The longer answer is that many properties do need attorney representation for …
Why Do I Need a Lawyer to Appeal My Property Taxes? Read More »
