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

 

 

 

August 9th, 2022

Tax Year 2022: A steep reassessment for Northern Cook County

In June we warned; in August now we see: A very steep reassessment of Northern Cook County is underway. 

Despite local closing prices dipping 12 percent from last year's highs to start the year, reassessment values of residential Northern Cook County show average increases of better than 30 percent!

The increase will equate almost directly (with slight variation due after local tax rate tweaks) to a corresponding increase in property taxes. Homeowners from Barrington to Winnetka, from Evanston to Des Plaines, Skokie, Schaumburg and everywhere in between could be in for the largest year-over-year property tax increase of their lives.

So, now is the time to start thinking of your upcoming bills... before you miss the chance to challenge the increase.

At Property Tax Solutions, we'll our unparalleled experience, software, and convenient website to use to save you as much as possible. 

So, Check Your Savings. It only takes a few minutes and can save thousands. Sign-up is fully digital and costs nothing up front. You only pay us if we win. 

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

 

 

 

August 9th, 2022

Tax Year 2022: A steep reassessment for Northern Cook County

In June we warned; in August now we see: A very steep reassessment of Northern Cook County is underway. 

Despite local closing prices dipping 12 percent from last year's highs to start the year, reassessment values of residential Northern Cook County show average increases of better than 30 percent!

The increase will equate almost directly (with slight variation due after local tax rate tweaks) to a corresponding increase in property taxes. Homeowners from Barrington to Winnetka, from Evanston to Des Plaines, Skokie, Schaumburg and everywhere in between could be in for the largest year-over-year property tax increase of their lives.

So, now is the time to start thinking of your upcoming bills... before you miss the chance to challenge the increase.

At Property Tax Solutions, we'll our unparalleled experience, software, and convenient website to use to save you as much as possible. 

So, Check Your Savings. It only takes a few minutes and can save thousands. Sign-up is fully digital and costs nothing up front. You only pay us if we win. 

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.