The assessor assesses a value on the property which you're free to appeal.
Tax Rate History for this areas
The composite tax rate is the sum of all tax rates of the taxing agencies for a given tax code. Taxes owed are calculated by multiplying the composite tax rate by the equalized assessed valuation of a property, creating a total amount billed.
It really depends on what type of condo you are looking for and the buildings amenities. For example, I live in a four unit building with limited amenities. My $136/month mostly covers the building insurance (covers up to my walls and I then have a personal policy that covers the interior. ) I also have a rental condo in a larger building with a pool and fitness center that costs $500/month.
Please email me at email@example.com with a good time to talk and I can explain in more detail. My website is http://www.noelhara.com and cell phone 3127256635.
You picked a great city to live in! Welcome to Chicago!
Dues can run anywhere from $100+ and taxes are all over the board. A $300K price range is a great place to start. I would recommend on obtaining a pre-approval from a lender to see what you can be approved for first. Sometimes, a $300K condo can cost you about the same as a $500K condo depending on taxes and association dues. Also, keep in mind that parking spaces may have there own taxes and monthly dues.
If you need a hand, I will be happy to help. My contact information is located below.
Good luck with your search!
It depends on the property age, property type( high rise vs. low rise), location, etc. In general, the older the bldg, the higher the assessments and lower taxes. Newer bldgs have lower assessments and higher taxes.
In Lincoln Park:
On Avg for high rises, assessments are $350-$800 per month
On Avg for low rises, assessments are $250-$400 per month
On Avg taxes: $3000 - $4500 per year
In Bucktown (Mostly low rises):
On Avg, assessments are $150-$250 per month
On Avg taxes: $3000 - $4000 per year
If you like to browse all current inventory in Lincoln Park and Bucktown, visit my web site at http://www.ChicagoTopCondos.com with more info. If you have any further questions, please email me at: firstname.lastname@example.org or call me at 312-493-7983.
Koenig & Strey Real Living