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1. What is the cost for the application? Are there any other additional fees?
Our company charges only a one time flat fee for preparing you forms and completing your appeal.
There is no additional fee and we will prepare documents basically 3 times for you
- 1.When your Township is open. Hopefully your appeal will be approved
- 2.If not, we will prepare more docs for re-review at Township Level
- 3.If still not approved – we will prepare and send you full set of documents for Board of Review using more and different forms and arguments.
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2. How long will it take for the application to process?
Usually takes less than 60 seconds for Our System and then 60 days for County Assessor
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3. How soon will I hear results from my application?
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4. How can I know the status of my application?
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5. Do I have to go to City Hall?
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6. If I have exemptions, will that affect the results in any way?
No it will not affect the results in any way.
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7. How often do I have to reapply for my appeal?
You should appeal every year. It will help you.
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8. Is there a guarantee that my property taxes will be reduced?
We can guarantee in 89% as this is a ratio of approved files in 2015, however we guarantee in 100% money back, if your appeal will be rejected.
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9. Do I have to go to your office to submit my application?
No, you can submit online by visiting the page.
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10. Who should I contact if I have additional questions regarding my property tax?
You should redirect any questions to your manager.
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11. If the co-owner of the property is not present, can I still appeal the property?
Yes, you can appeal the property on your own. Technically anyone who has interest in the property should appeal including renters and lessors.
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12. How do I know if I am over paying my property taxes?
IQ system successfully compares the property in your area based on the Land Assessed, Value Building Assessed Value, Tax Code Neighborhood, Property Classification Description, Exterior Construction, Residence Type and Garage Age.
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13. If I have more than one property do I only submit one application?
No, you should always submit 1 appeal per 1 property PIN and individually.
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14. When will I be able to see the reduction made in my property taxes?
You can see results usually on your second installment of following year.
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15. Is the property tax reduction for the current or the following year?
Property tax reduction will be visible on 2nd installment Tax Bill for the following year.
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16. Why has my county assessor info not yet been released?
It will be released soon after approval from cook county assessor, usually 60 days from the closing day of your Township
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17. The name on the tax bill is correct, but on this appeal is still the old owner. Should I change on the form?
The new owner must submit a Name/Address Change Application to the Cook County Treasurer’s Office with acceptable identification. If this application is submitted by mail, your signature must be notarized.
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18. What is a tax assessment?
The tax assessment is a value ascribed to a parcel of real property, which is then used to calculate the real estate tax paid by that property. The Assessor is required to estimate the market value of real property. He then applies an assessment percentage to the market value to arrive at the assessment. In all counties other than Cook, property is assessed at 1/3rd of its market value. In Cook, the assessment percentage depends on the properties classification. Residential property is assessed at 10% of market value. Apartment buildings are assessed at 10% of market value. Industrial property is assessed at 25%. And, commercial property is assessed at 25%.
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19. How does my tax assessment impact my tax bill?
The assessment directly impacts the size of the tax bill. The larger the assessment, the larger the tax bill.
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20. Who determines my tax assessment?
The Assessor. In Cook County, there is one assessor for the entire county. In the collar counties of Chicago, there is an assessor for each township. Downstate, there is generally one assessor for the entire county.
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21. How often is my property re-assessed?
In Cook County, property is assessed triennially, or every third year. Elsewhere in Illinois, property is assessed quadrennial, or every fourth year.
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22. Can my property be assessed each year?
Yes. Nothing prohibits property for being assessed each year.
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23. Can I contest my tax assessment?
Yes, due process requires that you have the legal right to contest your assessment before issuance of the tax bill.
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24. How do I contest my tax assessment?
In Cook County, the assessment can be formally contested before the Cook County Assessor. The assessment can then be appealed to the Cook County Board of Review. Then, an appeal can be filed to either the Property Tax Appeal Board or the Circuit Court of Cook County.
In all other Illinois Counties, the assessment can informally be contested before the local assessor; however, no county other than Cook has a formal appeal process. The first official opportunity to contest the assessment is before the county Board of Review. Then, an appeal can be filed to either the Property Tax Appeal Board or the Circuit Court of Cook County.
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25. If my tax assessment is lowered, how will this affect my tax bill?
If your assessment is lowered, your tax bill will be lower than what it otherwise would have been.
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26. Do I need an attorney to contest my tax assessment?
Yes and no. An individual may contest his or her assessment on his or her own, without the assistance of an attorney. The Cook County Assessor will allow a non-lawyer to file a tax appeal on behalf of another party. However, only a lawyer may represent another party before the county Board of Review or in Court. Since corporations, partnerships, condominium associations, limited liability companies, etc. are legal entities and not people, only attorneys may represent them. For example, a shareholder who is not an attorney may not represent the corporation he or she owns stock in.
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27. Should condominium unit owners file complaints individually or collectively through the association?
It is more efficient – and generally more effective - for a condominium association to hire one attorney to file a collective appeal on behalf of all homeowners in the condominium association.
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28. What are the deadlines for filing a complaint to the Assessor?
In Cook County, the assessment season generally begins in February and continues through late fall. The assessor allows a thirty-day filing window for each township in which complaints can be filed. These filing windows are spread fairly evenly through the assessment season. The filing deadlines are published on the Cook County Assessor’s web site fairly far in advance. No other Illinois county has a formal filing process. However, assessments can be negotiated with the local assessor at any time.
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29. If a complaint is filed, when can I expect to receive a decision?
Generally, 60 to 70 days after the complaint is filed.
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30. How will an assessment reduction affect my tax bill?
If the assessment is reduced, the tax bill will be lower than it would have been.
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31. If I am dissatisfied with the Assessor’s decision, what are my appeal rights?
You may appeal to the Cook County Board of Review and then to either the Property Tax Appeal Board or to the Circuit Court of Cook County.
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32. What are the deadlines for filing a complaint to the Board of Review?
The Board of Review begins session in August each year. The Board will establish a 30-day filing deadline for each township soon after the Assessor completes his work for the township. Complaints must be filed prior to the end of the filing deadline.
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33. If a complaint is filed, when can I expect to receive a decision?
Generally, 60 to 70 days after the complaint is filed.
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34. How will an assessment reduction affect my tax bill?
If the assessment is reduced, the tax bill will be lower than it would have been.
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35. If I am dissatisfied with the Board’s decision, what are my appeal rights?
You may appeal to the Property Tax Appeal Board or to the Circuit Court of the county.
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36. What are the deadlines for filing a complaint to PTAB?
A complaint must be filed to the Property Tax Appeal Board not later than the 30th day following the date of the decision of the Board of Review.
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37. If a complaint is filed, when can I expect to receive a decision?
That depends. If the case is resolved by settlement, this can be accomplished in 3 to 6 months, depending on the backlog of cases. If the case proceeds to trial, you could wait 6 to 12 months for a trial and 3 to 4 four months following the trial for a decision.
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38. Why would I appeal to PTAB instead of Court?
PTAB is considered a poor man’s court. It attempts to resolve cases quickly and efficiently and does not require strict adherence to the rules of evidence. PTAB is accustomed to deciding tax appeal cases. They understand the issues and the law. The taxpayer tends to get a fair hearing.
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39. How will an assessment reduction affect my tax bill?
If the assessment is reduced by PTAB, you will obtain a tax refund, with interest.
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40. If I am dissatisfied with PTAB’s decision, what are my appeal rights?
You may appeal the PTAB decision to the appeals court.
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41. What are the deadlines for filing a complaint to Circuit Court?
Complaints must be filed within 135 days following the due date for payment of the second installment tax bill.
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42. If a complaint is filed, when can I expect to receive a decision?
Currently, cases are often resolved in under a year.
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43. Why would I appeal to Court instead of PTAB?
Taxing districts cannot intervene in Court cases. Furthermore, the Court cannot direct that the assessment be increased.
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44. Can the Court increase my assessment?
No.
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45. How will an assessment reduction affect my tax bill?
If the assessment is reduced by Court, you will obtain a tax refund, with interest.
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46. What tax incentives are available to industrial property owners in Cook County?
The most common tax incentives in Cook Count include incentives for re-occupancy, new construction and renovation of industrial buildings (Class 6b); new construction and renovation of apartment buildings (Class 9); and, remediation of environmental contamination (Class C).
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47. What tax incentives are available to apartment building owners in Cook County?
Class 9. This incentive reduces taxes substantially if the property owner substantially renovates at least two major building systems spends over $6.00 psf and rents apartments at affordable rates to tenants who meet certain income qualifications.
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48. My tax bill is $0.00. Why is that?
If the tax bill in question is the first installment bill due in March, then you must either have a new PIN number or the bill for last year was $0.00. If the tax bill in question is the second installment bill due in the fall, then the tax assessment is $0.00 (resulting in a tax bill of $0.00) either because the property is exempt from taxation or was assessed as being of no value.
The first installment tax bill is always 55% of the prior year bill. So, if you have a new PIN number, the bill will always be $0.00 since the bill for the year before was non-existent and, therefore, presumed to be zero. You may have a new PIN because you live in a new development, which was subdivided to create new lots with new PINs, or there may have been a tax division or consolidation in which your old PIN was eliminated and new PINs created.
If your property is assessed at $0.00 that is either because you are exempt from taxation, or your property is taxable but the Assessor has determined it has no value. If your property has value and is being assessed at $0.00, we would encourage you to investigate why so you do not receive a back tax levy at some future date.