2016 Evanston and New Trier Township Property Tax Appeal Deadlines Set by Cook County Assessor

2016 Evanston and New Trier Township Property Tax Appeal Deadlines Set by Cook County Assessor

 

The Cook County Assessor has announced the deadlines for filing an appeal of your property’s 2016 assessment :

Evanston Township Property Tax Appeal Deadline: March 25, 2016

New Trier Township Property Tax Appeal Deadline: April 4, 2016

These townships contain the following municipalities:

Evanston Township

  • City of Evanston

New Trier Township

  • Village of Winnetka
  • Village of Glencoe
  • Village of Kenilworth
  • Village of Wilmette
  • Village of Northfield (Southeastern edge)
  • Village of Glenview (Southeastern edge)

2016 is a Reassessment Year for the North Suburbs–Talk to a Property Tax Attorney Today

To discuss a potential 2016 property tax appeal or any questions about your Cook County property tax reassessment notice, feel free to contact Cook County property tax attorney Stephanie Engstrom at 312-726-1833 or .

In line with its tentative schedule, the Cook County Assessor’s Office will mail property tax assessment notices to taxpayers.  The mailing of this notice triggers a short window to file a Cook County property tax appeal.  Although there is also an opportunity to file an appeal with the Cook County Board of Review later in the year, the value set during the 2016 tax year for the North Shore and Northwest Suburbs could last for several years.

By |March, 2016|

What Taxpayers Can Do About Higher Chicago Industrial Property Tax Assessments

What Taxpayers Can Do About Higher Chicago Industrial Property Tax Assessments

By: Antonio Senagore

Chicago industrial real estate owners could be facing 2015 property tax bill increases.  And the deadlines to take action are coming up soon.

Why could 2015 Chicago industrial property tax bills increase?  There are two reasons.

First, the Cook County Assessor is reassessing the city of Chicago in 2015.  For the first time since 2012, all property in Chicago is being revalued for property tax purposes.  Despite the lackluster real estate market, the Assessor has recognized that 2015 industrial property values are higher than 2012 values.  For instance, consider the reassessment of Lake Township, which includes many industrial neighborhoods in southwest Chicago.  The 2015 Proposed Assessed Value of some Class 5 industrial real estate in Lake Township increased by more than 30% from last year.

Moreover, property tax rates are rising.  Property tax revenue funds local government.  Schools, public safety, and libraries need revenue to operate.  Additionally, the Illinois Supreme Court recently ruled that government pension benefits shall not be diminished.  To meet its obligations, local government needs more property tax revenue than ever.

How can industrial property taxpayers make sure their assessed values are correct?  Chicago property taxpayers can appeal their 2015 values to the Cook County Assessor and the Cook County Board of Review.

Industrial property owners may already have evidence of their real estate value.  For example, a recent sale could be evidence of market value.  Yet industrial properties regularly include personal property and real estate assets.  Under Illinois law, personal property cannot be assessed.  Using special techniques, a property tax advocate could further reduce property taxes by isolating the value of the industrial real estate.

Industrial property owners can double check their property tax liability by appealing their assessments.  But they must act soon.  Assessment appeals are encouraged, but the deadlines are approaching.

By |May, 2015|