tax reassessment: Schaumburg Township Reassessment
- 10/20/09 10:18 AM
2009 Schaumburg Township Assessment Information (Due and payable in 2010) This summer the Cook County Board passed new assessment levels on the entire county. Residential went from 16% to 10%; Commercial from 38% to 25%; and Industrial from 36% to 25%. Every property in Cook county will receive an assessment notice this year regarding the new assessment levels. Schaumburg Township should expect to received the new assessment information by late 2009.When you receive your new assessment, please review it and if you do not think it is fair or in error contact the Assessor to file an appeal.Don't forget that we … (2 comments)
tax reassessment: Schaumburg Township - Cook County Reassessment
- 06/15/09 05:02 AM
Well is this good news? We shall see. Don't forget to look for this assessment change in your mailbox coming soon. Don't forget that every Illinois homeowner has the right to protest their taxes if they feel they are being overvalued and over taxed. Just wanted to be sure that you were informed as the county doesn't seem to be getting the word out like it should. This will effect all homeowners in Cook County!
Cook County Assessor Announces First-Ever Downward Market Adjustment for Homeowners (released 5/11/09)
Cook County Assessor Jim Houlihan announced that residential properties not being reassessed this year … (3 comments)
tax reassessment: 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)
tax reassessment: 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)
The background behind this ‘punch to the pocket book’ is as follows: Single lady with a very nice 2story townhouse around 1260 square feet with 2BR 2.5BA’s and a 1 car attached garage. There are many great areas all thruout Schaumburg just like this and unfortuntely lots of people are handing over their hard earned money year after year.
Just make sure it is not happening to you! Taxes for this townhouse for 2007 were $3891.58 … (0 comments)
tax reassessment: 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)
tax reassessment: 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.
2009 Schaumburg Township Assessment Information (Due and payable in 2010) This summer the Cook County Board passed new assessment levels on the entire county. Residential went from 16% to 10%; Commercial from 38% to 25%; and Industrial from 36% to 25%. Every property in Cook county will receive an assessment notice this year regarding the new assessment levels. Schaumburg Township should expect to received the new assessment information by late 2009.When you receive your new assessment, please review it and if you do not think it is fair or in error contact the Assessor to file an appeal.Don't forget that we … (2 comments)
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