lower your property taxes: Tax Appeal Process - Cook County IL - Schaumburg Township - Schaumburg IL
- 07/02/11 01:58 PM
Diagram of a Tax Appeal Was helping a new purchaser finish up with a few loose ends regarding his new home purchase in Hoffman Estates. Big problem - his taxes. Don't quite know what the previous owner did but it's a costly mistake. An absolute blunder! Taxes on this house are now $5809.07 for 2007. Before you say - well too bad this rich guy deserves those taxes - think again! Let me tell you that this is great ranch house in a 'regular Joe' subdivision in Hoffman Estates with 3BR 2 BA's, Familyroom addition with fireplace, 2 car garage, regular … (14 comments)
lower your property taxes: Schaumburg Township - Senior Freeze and Senior Exemptions
- 05/15/09 07:33 AM
Good news for seniors in Schaumburg Township and Cook County! Senior Freeze Beginning in the tax year 2008, the total household gross income for the Senior Freeze increased to $55,000. Also, the Senior Exemption amount will increase from $3500 to $4000 which translates to an approximate savings of $200. Both of these changes are new State Statutes that were passed in 2008. These changes will be reflected on the 2nd installment of your 2009 tax bill. According to the Assessors Office: “Qualified senior citizens can apply for a freeze of the assessed value of their property. Over time, in many … (2 comments)
lower your property taxes: Tax Appeal Process - Cook County IL - Schaumburg Township - Schaumburg Illinois
- 04/30/09 11:46 AM
Striking fear into the hearts of all tax payers in Cook County!Bungling? You bet!Inept and Monstrous Behavior? You bet!Totally obscure policies and ridiculous thinking! Why sure!Just like Godzilla trampling Tokyo in the old movies - here comes Cook County ripping and smashing their way into your wallet! The more they try and help - the more streets are smashed and chaos abounds!So what makes me jump on the 'way-back machine' to bring back an old behemoth like Godzilla? The similarities to me are just striking. Lumbering along on Chicago streets reeking havoc and just plain being stupid. The … (4 comments)
lower your property taxes: Lake County IL Real Estate Tax Protest
- 10/19/08 03:18 AM
This is another post from a tax protest in Barrington which is also in Lake County. Basically states that the appeal must be used until the next quadrenial assessment. These guys are tricky if you let them get away with it. Only be sure to pay your fair share!
I recently received notice of a 21% increase in my Lake County IL 2008 real estate tax assessed valuation. In 2007, I along with many of my neighbors, were facing a similar increase and protested to the Lake County Board of Review. They agreed with our position and rolled back the … (7 comments)
lower your property taxes: Easiest strategy for lowering your property taxes! Lyn Sims (847)230-7324 RE/MAX Suburban
- 08/12/08 04:09 AM
While the downturn in the real estate market has possibly taken a chunk out of your home’s value, it is unlikely that your tax assessment has gone down. During the boom, as your home gained in value, it made sense that your assessment would increase. Prices have flat lined or lowered in most areas so it doesn’t make sense anymore that your taxes should only go upwards. But what’s a homeowner do to? Well don’t expect the assessor to give you any help! Yes, the tax man cometh! For those in my readership area of Schaumburg, Elk Grove, Palatine and Hanover Township … (11 comments)
Lyn Sims offers market observations, housing industry updates and real estate news about the surrounding communities near Schaumburg IL in the Chicago Northwest Suburbs.
Diagram of a Tax Appeal
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