Property owners should note, the 2020 first installment real estate tax bill was due on March 2, 2021. Per an ordinance passed by the Cook County Board, late charges were waived by the County if the 2020 first installment tax bills were paid by May 3, 2021. The first installment […]
If you are dissatisfied with your Cook County real estate assessed valuation, you have the right to file an appeal to contest the value. Appeals are filed with the Cook County Assessor’s Office and/or the Cook County Board of Review Filing a successful property assessment appeal can provide significant tax […]
If you own or lease commercial property in the Chicago area, you undoubtedly have felt like you were riding a roller coaster these last few months during the COVID-19 pandemic. Commercial tenants are experiencing unprecedented losses, furloughing and/or laying off workers as they watch their sales plunge and their customer […]
Commercial property owners must consider a variety of issues when analyzing their potential return on an investment. While acquisition costs and financing terms often take center stage, it is critical not to overlook the potential impact of property taxes. This is a serious problem, as fluctuations in property taxes can […]