It is now open tax appeal season for those of us who own property in the Lake View Township of Cook County. The anticipated closing date is slated for October 18th but, as in years past, is subject to change. According to the Chicago Sun-Times, over half of the 127,472 appeals filed in 2005 resulted in a lower assessment. Two of the most common grounds for appeal that I personally have come across as a Realtor are "Lack of Uniformity"--a nearby and comparable home has received a lower assessment; and "Less Than Market Value"--a home was purchased for less than the "fair market" amount assessed. You may request a "Complaint Form" by calling the county Board of Review at 312-630-5540.
No comments:
Post a Comment