Educational Videos Archives

Category: Educational Videos

Am I eligible for the senior freeze and/or a senior citizens exemption?

September 3, 2020

Question: What is the difference between the senior exemption and the senior freeze? Answer: The senior exemption and the senior freeze are deductions off of a senior citizen’s real estate tax bill. Here’s how these...

Should unit owners with Senior Freezes still appeal their property taxes?

September 3, 2020

Question: If my association files a tax appeal on behalf of all unit owners in our development, am I at risk of losing my Senior Freeze exemption? Answer: No. The filing of a tax appeal will never cause you to lose the...

How do unit owners with Senior Freezes benefit from an association appeal?

September 3, 2020

Question: I have the senior freeze and I don’t think the Association’s tax appeal benefitted me. Please explain if it did. Answer: An Association tax appeal can benefit senior freeze recipients. Here’s how the...

I’ve successfully appealed my property taxes. What are the tax savings?

September 3, 2020

Question: If Elliott appeals my assessment and wins, will my tax bill be less than last year? Answer: Not necessarily. But, in nearly all cases, if we file a tax appeal for you and win, your taxes will be less than...

Should our association waive legal fees for senior freeze recipients?

September 3, 2020

Question: Should our association waive legal fees for senior freeze recipients? Answer: This is a business decision for your board. We will tell you what the law says and give you some of the pros and cons of waiving...

Why are my property taxes more than last year even though I successfully appealed my taxes?

September 3, 2020

Question: You filed an appeal on my property and the assessment was reduced, buy my tax bill is higher than last year. Where are the savings? Answer: When your assessment is reduced because of a tax appeal, your...

Need a step by step guide for how your property tax bill is calculated?

September 3, 2020

Question: How is my tax bill calculated? Answer: Your tax bill is based on your current assessment, current equalizer, current tax rates and any exemptions you are entitled to as a homeowner. Here’s how the bill...

Why do my property taxes continue to rise when I regularly contest my taxes?

September 3, 2020

Question: Why does my tax bill rise each year? Answer: Tax bills can rise over time even when you diligently contest your assessment. But, if you don’t contest your assessment, the tax increases will be even...

Do you own commercial or industrial property in Cook County? You may be eligible for an incentive with substantial tax benefits.

September 3, 2020

Question: How do the Cook County Tax incentives work? Answer: Cook County offers tax incentives to owners of commercial and industrial property. These incentives reduce taxes by 60% for 10 years and gradually increase...

Should I pay my tax bill if I have a pending property tax apeal?

September 3, 2020

Question: Elliott & Associates is pursuing a tax appeal for me. Should I pay my tax bill? Answer: Yes, you should pay your tax bill even though you have an appeal pending. Here’s how the appeal process affects...