Elliott & Associates hosted a round table discussion the challenges hoteliers today face in appealing their property taxes. Attached is the agenda for the meeting held on September 18, 2018. Speakers included Brian Silberman (CBRE), Adam Zimmerman (Hilco), Lauren Elliott, Joanne Elliott, & Tom Glynn.
Michael Elliott presents from minute 48:17-1:12:40
2018 Chicago Reassessment: What can you expect?
The Assessor will begin mailing re-assessment notices in February. 2018. He will reassess 7 Chicago townships and will mail notices one township at a time from February through September. The Assessor will announce his anticipated mailing schedule in January and we will. in turn. notify you
When should you hire your attorney?
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Revised: November 30, 2017
The Cook County Clerk’s office recently released the 2015 property tax rates. This is last step in the tax process before tax bills are mailed at the end of this month. Tax bills are expected to be due August 1, 2016.
Here are some of the major factors that will likely impact your 2015 tax bill:
You can download the Clerk’s full report: click below
2015 was a quadrennial reassessment year for the 5 collar counties surrounding Cook County and 2015 assessments were adjusted to reflect 2015 market values. During the remaining years of the 2015 quadrennial (2016 to 2018), assessments will be adjusted annually by local “factors”, which adjust assessments for appreciation in real estate values since the 2015 quadrennial reassessment. The collar county assessing officials report that 2015 factors will range from 3% to 12% depending on the township, but that most are expected to be in the 6% to 7% range.