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Category: Hotel OwnersCommercial property owners: Maximize property tax savings with the right appraisalSeptember 22, 2022
Smart taxpayers know that buying an appraisal can help them save them thousands of dollars when appealing their property taxes. But getting the right appraisal is critical to maximizing your tax savings. Using an appraisal...
The Chicago Sun-Times recently published an investigative report claiming Cook County Assessor Fritz Kaegi cut 2020 assessments for nearly all Cook County homes based on a “wild miscalculation” that pandemic-induced job...
Leading Lawyer magazine names Elliott & Associates partner Mike Elliott #5 Real Estate Tax attorney in Illinois and #3 in the Suburban Real Estate category....
When is a one year reduction preferable to a multi-year reduction?September 3, 2020
Question: Why did I get a one-year assessment reduction? Answer: Assessment reductions are generally awarded for multiple years. But, occasionally they may be awarded for one-year only. And, that is not necessarily a...
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...
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...
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...
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...
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Do you have the right plan in place?Find out what you need to do today to save taxes tomorrow.
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