Property Tax Solutions – Tax attorney specializing in Cook County property tax appeals.

 

March 9th, 2024

What's in store for Chicago?

Take heed city of Chicago. 2024 is a reassessment year.

Last year's reassessment of Cook County's South and Western suburbs saw tax assessments across all residential property increase by 39.17%.

And that's only the suburbs. Assessments, ultimately, find their justification in current market selling prices. Therefore, to see where assessments are going, always look to the current market. The current Chicago market is much hotter.

What we have seen in Chicago housing over the past 3 years is surging prices, prices which even higher interest rates and a slowdown in the rate of sales have failed to crest.

Aug. 2023 saw homes sales upswing almost 10 percent over a year before, and that spike doesn't even account for the even-hotter post-Covid market of 2020 and 2021, a market climb which is also poised to hit assessments for the first time this year. 

Ultimately, it would not be out of the question to see the total average assessment increase top that seen by the suburbs last year. 

What can a homeowner do? 

The Assessor draws on limited sale data to inform its assessments. These sale prices often vary greatly. Doubtless, the Assessor chases the higher prices with its assessments anywhere it can.

The result is lack of uniformity. Some homeowners get hit harder than others; other homeowners see their modest homes assessed as though they were the recently remodeled home down the block which had hundreds of thousands of dollars of work put into it in order to net that very high sale price.

What everyone needs is a watchful eye and advocate with a wealth of experience and powerful data at their disposal to help exploit these contradictions and save the average Cook County resident collective millions in property tax overpayments each year. That's PTS.

So "Check Your Savings." Our high-powered algorithm provides an instant estimate of savings potential and, if you decide to register, you will have some of the County's best legal experts in the residential property tax working on your behalf. 

There's no up-front cost to register and you only pay us a percentage of the one-year savings, if and only if we win. There's nothing to lose, and our website is so easy to use it won't take you more than 5 minutes to put us on the job. 

Welcome
check your property tax savings
$2,084 Savings over 1 year Due to Property Tax Solutions’ appeal

 

March 9th, 2024

What's in store for Chicago?

Take heed city of Chicago. 2024 is a reassessment year.

Last year's reassessment of Cook County's South and Western suburbs saw tax assessments across all residential property increase by 39.17%.

And that's only the suburbs. Assessments, ultimately, find their justification in current market selling prices. Therefore, to see where assessments are going, always look to the current market. The current Chicago market is much hotter.

What we have seen in Chicago housing over the past 3 years is surging prices, prices which even higher interest rates and a slowdown in the rate of sales have failed to crest.

Aug. 2023 saw homes sales upswing almost 10 percent over a year before, and that spike doesn't even account for the even-hotter post-Covid market of 2020 and 2021, a market climb which is also poised to hit assessments for the first time this year. 

Ultimately, it would not be out of the question to see the total average assessment increase top that seen by the suburbs last year. 

What can a homeowner do? 

The Assessor draws on limited sale data to inform its assessments. These sale prices often vary greatly. Doubtless, the Assessor chases the higher prices with its assessments anywhere it can.

The result is lack of uniformity. Some homeowners get hit harder than others; other homeowners see their modest homes assessed as though they were the recently remodeled home down the block which had hundreds of thousands of dollars of work put into it in order to net that very high sale price.

What everyone needs is a watchful eye and advocate with a wealth of experience and powerful data at their disposal to help exploit these contradictions and save the average Cook County resident collective millions in property tax overpayments each year. That's PTS.

So "Check Your Savings." Our high-powered algorithm provides an instant estimate of savings potential and, if you decide to register, you will have some of the County's best legal experts in the residential property tax working on your behalf. 

There's no up-front cost to register and you only pay us a percentage of the one-year savings, if and only if we win. There's nothing to lose, and our website is so easy to use it won't take you more than 5 minutes to put us on the job. 

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

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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$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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Why Choose Property Tax Solutions?

We are one of Cook County’s premier property tax law firms. We have saved tax dollars for tens of thousands of Cook County property owners by checking all the angles to maximize reductions in assessed valuations. We want to do the same for you.

If we don’t reduce your taxes, you don’t owe us. That’s why we have a vested interest in lowering your tax bill, and that’s also why Attorney Greg Hilton evaluates every appeal at least once, often twice, before evidence is submitted.

When our appeal saves money on your taxes, we simply split the savings 50/50 for the year we filed the appeal. If that year happens to be your Triennial Reassessment, 100% of any savings in years 2 and 3 goes directly into your pocket.

A+ rating from the Better Business Bureau.
Referrals coming in daily from satisfied clients.

Our only business is Cook County property taxes.