Property Q&A in Crystal Lake>Question Details

Sue Vanek, Both Buyer and Seller in Crystal Lake, IL

In Lee County if you purchase a home below market value, how are the taxes computated? I.e; short sale, etc.

Asked by Sue Vanek, Crystal Lake, IL Sat Feb 14, 2009

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Sue

Great question! That seems to be a concern now days. I would consult with your attorney as to the best way to address this. The mostly likely would be to contest within 30days (as in McHenry County) before the board once you receive your bill with recent comps or the sale price of the property.

Regards,
Melissa Leetzow
0 votes Thank Flag Link Sat Feb 14, 2009
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