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.
Good luck, Lyn Sims
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.