BuyerSellers April 1, 2021

Should you appeal the property taxes?

Should you appeal your property taxes? Well, let’s be honest. Nobody likes property taxes. But sure, I can appeal them. Hear me out on this one. My name is Janine, as I’m a local real estate agent in the northwest suburbs of Chicago, and I help my buyers and sellers get the best possible deal in their real estate transactions. Your tax liability is based on what the infrastructure around you is meaning as well as your home value and characteristics. So the past above is covering the school holidays, emergency or hospital roads. There’s a lot of things that go into the things that your taxes are covering and also they’re pretty great things right now. So you have the power and you have where you are like those. You can automate that model and don’t have a little bit of a different, more hands on approach to it.

And the first thing to note is if you do want to appeal, it is important to understand that it’s called an appeal window in which you can develop an appeal window. You can find out when it’s open for your particular township and you can call your village, your town and say, Hey, I want to draw an appeal or project comparison. When they do, though, typically you have twice a year to do that. I hope you’ve done your feel yourself or should you hire somebody? Well, answer it depends. Sometimes if it’s a clear cut thing and you know you are being overcharged, we have enough, you know, comparable meaning how it’s similar to yours to prove it.

You can probably go ahead and figure it out. If you are old, value is not quite as clear cut. Maybe hiring an attorney that specializes in sex appeal might be a great way. Now the attorneys specializing in tax appeal, we only get to if they are actually lowering your assessed value and then you have to pay them a percentage of that. So the more they get out, the more they get paid. You see how that little incentive is really helpful for you in taxes as well.

Now, I don’t say that often, but in this instance, absolutely okay to stop your neighbor a little bit. And what I mean by that is look at homes that are up and running that are similar in style and size. And look at the public record, what their tax liability is. Knowing if they’re paying more or less is giving you a pretty good estimate of Americans who are should be significantly higher. We’ve been trying to hit that in this appeal window. If you’re going to significantly lower, don’t pay. So this is what I meant by that.

Should you appeal your property taxes? Now, I hope you got a lot of value out of this one. If you’re wondering how your home is stacking up in comparison to the other ones in the area. You may want to check out this request at www.bit.ly\homescorequiz and it will instantly tell you how do I how are you doing in comparison to the average home on the market? I hope this was helpful. My name is Janine Sasso. I’m a local real estate agent in the northwest suburb of Chicago and I look forward to helping you in the future with your real estate.