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

Help the community by answering this question:



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.

Melissa Leetzow
0 votes Thank Flag Link Sat Feb 14, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer