appealing your assessment 101 - larry suffredin property tax ppt.pdf · •how my office can help...

Larry SuffredinCook County Commissioner

Appealing Your Assessment 101

Today we will cover:

• How your assessment is calculated

• How to appeal your assessment

• How my office can help property owners

Appealing Your Assessment 101

Commissioner Larry Suffredin 2

Your property is re-assessed every 3 years

Commissioner Larry Suffredin

2019, 2022, 2025 2020, 2023, 2026 2021, 2024, 2027

Barrington Berwyn Hyde Park

Elk Grove Bloom Jefferson

Evanston Bremen Lake

Hanover Calumet Lakeview

Leyden Cicero North

Maine Lemont Rogers Park

New Trier Lyons South

Niles Oak Park

Northfield Orland

Norwood Park Palos

Palatine Proviso

Schaumburg Rich

West Chicago River Forest

Wheeling Riverside

Stickney

Thornton

Worth

3

North suburban residents appeal in the greatest numbers


Evanston appeal patterns


Median increases in Evanston assessments


How to calculate assessed value

Assessed Value (AV) is the percentage of the Fair Market Value. In Cook County, property is assessed at different levels by Classification:

– Residences: 10% (single family homes, Condos, Townhouse)

– Businesses: 25% (commercial, industrial, retail)


Your assessment is just one component of your tax bill

Tax Bill (what you owe)

Equalizer Tax Rate


Ways to appeal your assessment

You should appeal to both the Assessor and Board of Review annually

As an additional step, homeowners can appeal through the State of IllinoisProperty Tax Appeal Board or through the Circuit Court of Cook County

Assessor Board of Review

Sets taxable value on real estate

First body property owners can appeal to

Limits the scope of evidence in appeal

Does not allow for a hearing

Serves as a three judge appeals board

Second body property owners can appeal to

Allows greater scope of evidence in appeal

Allows property owners to attend a hearing


What can you appeal?

Your Assessed Value– Not your tax liability

– Not your tax rate

– Not the equalizer

– Not the amount of your exemptions


Exemptions

• Exemptions reduce assessed value before the tax rate is applied.

– Homeowner – Primary residence

– Senior Citizen – 65 years old; apply EVERY YEAR

– Senior Freeze – 65 years old and household income <$65,000

– Disabled Persons Exemption

Commissioner Larry Suffredin

My office can help make sure you receive the exemptions you are

entitled to11

How to appeal with paper (residential)


How to appeal with paper (condos)


How to appeal online (step 1)


Where can you find comparable property evidence?

www.CookCountyPropertyInfo.com

• Look up any piece of property in Cook County


CookCountyPropertyInfo.com


Important Websites

• CookCountyPropertyInfo.com– Status of property– Exemption status– Tax bill status (paid)– Comparable properties

• CookCountyBoardOfReview.com– Appeal assessment online– Important dates and deadlines– History of assessment appeals with the Board

• CookCountyAssessor.com– Exemption forms

• CookCountyTreasurer.com– Tax liability for this year and last year


Assisting Taxpayers

• Exemptions/Certificates of Error

• Corrections of property characteristics

• Host outreaches/office hours

• Tax exempt properties

Further assistance


Contact for further assistance


Name Mitzi Gibbs

Position Cook County Commissioner Property Tax Assessment Reviewer

Address 820 Davis St. Suite 104Evanston

Morton Civic Center2100 Ridge Ave.Evanston

Phone (847) 864-1209 847-448-8168

Contact email [email protected] [email protected]

Appointments M-F; 9:00 – 5:00 p.m. M-F; 9:30 a.m. – 5:00 p.m. Closed for lunch; 3:15 – 4:15 p.m.

Questions?


appealing your assessment 101 - larry suffredin property tax ppt.pdf · •how my office can help...

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