Sunday, Home Seller in Hoffman Estates, IL

What is the going rate for real estate taxex in Hoffman estates?

Asked by Sunday, Hoffman Estates, IL Sat Mar 20, 2010

Help the community by answering this question:


If you are looking for a "rule of thumb" figure about 2% of sale price and that will be pretty close (for an owner occupied single family residence). You might get additional deductions based on age and income.

Also, there are 4 different ways to protest a tax assessment when over assessed. And I have personal (I've done it multiple times on my own home) experience in 3 of the 4. (the 4th way is the most costly and time consuming.) Of course, there are lawyers who solicit this kind of service.

Feel free to contact me for a more detailed explanation.
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0 votes Thank Flag Link Wed Jul 6, 2011
Are you looking for the tax rate or are you lookng for what taxes are on an average for homes in Hoffman Estates. I want to help you with your real estate questions and get you the answer you are looking for.Feel free to call me directly.
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0 votes Thank Flag Link Sun Mar 28, 2010
Sometime in the future it is planned to simplify the tax process in Cook County. It is going to be a percentage of the supposed market value. Currently the process is so complicated it cannot be explained either by myself or the tax assessor! Depending on what part of Hoffman Estates you are in (Schaumburg or Palatine Townships) you would be best to contact them directly. I believe the time for appealing your taxes is now closed or coming up shortly.

Good luck, Lyn Sims…
0 votes Thank Flag Link Sat Mar 20, 2010
It would be nice if it was a simple equation-like a percentage of the selling price.
It is instead a math equation based on the countys perceived market value, multiplication rates and equalization factors. then the different taxing bodies like school districts and Village etc step in to say how much they need to operate and out comes your tax bill. But wait-- there are then differing exemptions that some people and properties are eligible for.
Hoffman Estates, Schaumburg, Streamwood, Elk Grove taxes are a little lower than some because Cook County is lower than surrounding counties in general.
The new assessments for next years tax bill just came out, so it is good to march over to the local township assessor with yours and ask them to help you lower it. You may have a pleasant experience,like I just did.
If you have any specific questions about tax amounts in this area or want me to confuse you further, give me a call.
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0 votes Thank Flag Link Sat Mar 20, 2010
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