Monday, June 18, 2012

Cook County Real Estate Taxes

Cook County reassessments are done at the Cook County level by Cook County Assessor Joseph Berrios every three years. The real estate taxes collected in your community is determined by ALL LOCAL GOVERNMENTS, such as municipality, school, park, and library districts.

Residential properties are assessed as of Jan. 1 of the current year, using three to five years of prior sales information with similar characteristics. Homeowners are encouraged to review their property's assessment in comparison to similar properties.

Check the Cook County Assessor's website schedule for residents appeal date period at http://www.cookcountyassessor.com/. Taxpayers can also appeal their assessments with The Board of Review at http://www.cookcountyboardofreview.com/.

Senior exemptions
Last year was the first time that seniors had to apply for the senior exemption. There are three exemptions that seniors may be eligible for: Homeowner Exemption, Senior Exemption, and Senior Freeze. If any of these exemptions are missing on your second installment of your property tax bill, it can be corrected by filing a Certificate of Error.

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