Lack of Uniformity
An owner’s house is exactly the same size, age and style as four of his neighbor’s houses, but he pays 25% more in taxes. This lack of uniformity is a sign that the property is being over-taxed.
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Greg Hilton
Attorney, CPA, MBA
Founder of Property Tax Solutions
Founder of Property Tax Solutions
December 17th, 2024
Chicago reassessment completed... Average city property's taxable value up by 28.75%.
The Cook County Assessor this month completed its reassessment of the entire city of Chicago and all property therein.
With all the data at hand, PTS can report the average property saw an increase to its taxable value of 28.75%.
With City Hall likely to impose a property tax increase to meet Brandon Johnson's proposed 2025 budget, city owners' upcoming tax bills should go up by a similar percentage.
And, your window to challenge these new, souped-up assessments is rapidly closing.
Chicago Townships still open for 2024 appeals at the Board of Review include Jefferson, North Chicago, and South Chicago.
If you own property in one of these Townships, or in the city generally and perhaps missed your 2024 filing deadline, please use our tax calculator to ensure your new assessment is fair.
If the 2024 filing deadline is passed, we will file two appeals for you in 2025, at both the Assessor and Board of Review levels. Sign-up takes less than 5 minutes thanks to our state-of-the-art appeal portal.
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check your property tax savings
$2,084 Savings over 1 year
Due to Property Tax Solutions’ appeal
Greg Hilton
Attorney, CPA, MBA
Founder of Property Tax Solutions
Founder of Property Tax Solutions
December 17th, 2024
Chicago reassessment completed... Average city property's taxable value up by 28.75%.
The Cook County Assessor this month completed its reassessment of the entire city of Chicago and all property therein.
With all the data at hand, PTS can report the average property saw an increase to its taxable value of 28.75%.
With City Hall likely to impose a property tax increase to meet Brandon Johnson's proposed 2025 budget, city owners' upcoming tax bills should go up by a similar percentage.
And, your window to challenge these new, souped-up assessments is rapidly closing.
Chicago Townships still open for 2024 appeals at the Board of Review include Jefferson, North Chicago, and South Chicago.
If you own property in one of these Townships, or in the city generally and perhaps missed your 2024 filing deadline, please use our tax calculator to ensure your new assessment is fair.
If the 2024 filing deadline is passed, we will file two appeals for you in 2025, at both the Assessor and Board of Review levels. Sign-up takes less than 5 minutes thanks to our state-of-the-art appeal portal.
Appeals with Savings
The properties below represent a few of the many tax reductions from the our appeals and the grounds on which they were based.
$25,335 Savings est. over 3 years
Due to Property Tax Solutions’ appeal
$25,335 Savings est. over 3 years
Due to Property Tax Solutions’ appeal
$4,168 Savings est. over 1 year
Due to Property Tax Solutions’ appeal
Over Valuation
A couple purchased a home for $300,000 in an arm’s-length transaction, but the Assessor estimated the market value at $360,000 - a full $60,000 above the actual price. This is a sign that the owners will be paying more than they should in taxes.
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$4,745 Savings est. over 3 years
Due to Property Tax Solutions’ appeal
Property Description Errors
A house is listed at 1700 square feet of living space, but the Assessor shows it at 1900. When the Assessor measurements show a higher square footage than actual, an owner is paying tax on more house than she owns.
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$4,745 Savings est. over 3 years
Due to Property Tax Solutions’ appeal
$47,166 Savings est. over 1 year
Due to Property Tax Solutions’ appeal
Uninhabitable
Properties that are uninhabitable while undergoing major reconstruction due to heavy winds, fire, massive flooding, building code violations or a full upgrade of the building are often deemed uninhabitable by the city. These are grounds for a tax reduction.
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$3,376 Savings est. over 1 year
Due to Property Tax Solutions’ appeal
Vacancy
If your rental building’s bottom line is being impacted by vacancies due to market conditions, code violations, renovations while undergoing major upgrades etc., you may be entitled to a tax break. Property Tax Solutions can help leverage strong supporting evidence to win an appeal for lowering taxes and leading to a quicker return to normal business operations.
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$3,376 Savings est. over 1 year
Due to Property Tax Solutions’ appeal
$40,026 Savings est. over 3 years
Due to Property Tax Solutions’ appeal
Income And Expense
The new Assessor is now requiring verifiable income and expense documentation on your business—whether it’s a manufacturing plant, retail shop, self-storage facility, restaurant or mixed-use residential building. Stay up on new developments.
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