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
July 23rd, 2024
2024 Chicago reassessment: "worst of all possible scenarios"?
Cook County Treasurer Maria Pappas deemed it so in a recent interview with Fox.
"With all these commercial buildings vacant on Michigan Avenue, State Street, and LaSalle Street ... when commercial goes down, residential goes up," Pappas observed. "It's going to get worse for residents."
PTS' analysts agree with the Treasurer's analysis. Many distressed or otherwise unproductive commericial properties will receive justifiable property tax breaks under a fair application of state assessment law.
But every decision in their favor amounts to that much more of the property tax levy pie residential homeowners need to cover. It's a zero-sum game.
Anyone who owns property in Chicago is liable to face not only an increased assessment due to the Triennial but stubbornly high rates due to the struggling commercial sector.
So far, each of the three Chicago Townships completed by the Assessor's Office saw increases of more than 25% on average. Such an assessment increase will cause double-digit year-over-year bill increases.
The only thing one can do as a homeowner is at least make sure your assessment is fair. Our website is a high-powered, accurate tool built with the purpose of ensuring of exactly that for any homeowner in the County.
Our software immediately downloads the latest data bulks from each of the County's 37 Townships and can immediately cross-compare assessments on behalf of any individual owner for potential savings.
If you qualify, it takes less than 5 minutes to sign-up, and TaxSave2024 unlocks a service fee discount. You only pay us contingency if we win your case.
So, please. "Check Your Savings."
Welcome
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
July 23rd, 2024
2024 Chicago reassessment: "worst of all possible scenarios"?
Cook County Treasurer Maria Pappas deemed it so in a recent interview with Fox.
"With all these commercial buildings vacant on Michigan Avenue, State Street, and LaSalle Street ... when commercial goes down, residential goes up," Pappas observed. "It's going to get worse for residents."
PTS' analysts agree with the Treasurer's analysis. Many distressed or otherwise unproductive commericial properties will receive justifiable property tax breaks under a fair application of state assessment law.
But every decision in their favor amounts to that much more of the property tax levy pie residential homeowners need to cover. It's a zero-sum game.
Anyone who owns property in Chicago is liable to face not only an increased assessment due to the Triennial but stubbornly high rates due to the struggling commercial sector.
So far, each of the three Chicago Townships completed by the Assessor's Office saw increases of more than 25% on average. Such an assessment increase will cause double-digit year-over-year bill increases.
The only thing one can do as a homeowner is at least make sure your assessment is fair. Our website is a high-powered, accurate tool built with the purpose of ensuring of exactly that for any homeowner in the County.
Our software immediately downloads the latest data bulks from each of the County's 37 Townships and can immediately cross-compare assessments on behalf of any individual owner for potential savings.
If you qualify, it takes less than 5 minutes to sign-up, and TaxSave2024 unlocks a service fee discount. You only pay us contingency if we win your case.
So, please. "Check Your Savings."
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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