Predictability of Cook County Property Taxes
May 3, 2019
Has the value of your business property actually increased by 82% in just 3-years?
In light of the huge assessment increases we are seeing for commercial and industrial properties located in the northern suburbs of Cook County, which are sure to follow in the rest of the county when those reassessment notices go out, 2020 for the southern suburbs and 2021 for all properties located in Chicago, how can businesses that rely on being able to accurately project their future expenses, do so when predicting their potential property tax liability? The answer is, they can't. To address this issue, all property taxpayers must take action to vigorously contest their property tax assessments, while at the same time accruing a higher reserve as a fail safe position. Increases of up to 300% on commercial and industrial properties in Evanston, and increases averaging 82% in Elk Grove, represent a clear message to business that they are being targeted by the Assessor for substantially higher tax bills.
The Property Tax Group at Golan Christie Taglia, LLP. has the experience necessary to successfully contest your assessments throughout the state. Please get in touch if we can help. Contact us at email@example.com.