Property Tax Appeals

Property Tax Appeal Advice and Assistance in Chicago

If you own a property or occupy a property, then you’re legally required to pay property tax every year. The requirement to pay property tax is regardless of whether a property is residential, commercial, or industrial, and whether the property is mortgaged or not. The local government uses property tax to pay for local services, such as road construction, fire protection, and maintenance.

Property assessments can be a complicated area of tax responsibility to understand; the assessments can be difficult to read and the process of calculating a tax assessment is prone to inaccuracy, leaving many business owners and homeowners to pay more than their fair-share of property tax. 

To overcome property tax bills that are too high or disproportionate to the market value of a property, the best course of action is to file a property tax assessment appeal.

APA Financial Services are trusted tax law professionals in Chicago, offering advice and guidance on all tax matters, including residential and commercial property tax. If you’ve discovered that your latest property tax bill is higher than you expected and wish to make an appeal to reduce the cost, then we’re on hand to help. For all matters relating to property tax in Chicago, IL contact our friendly team of tax experts today.

Turn to APA Financial Services for:

• Representation at the county and state levels

We represent our clients at the county and state levels to ensure they follow the optimal legal strategies to mitigate their property tax exposure. Our experts have proven their understanding of tax law in hundreds of past cases, and continue to work with clients to outline strategies that help to reduce property tax in the long-term.

• Residential and commercial services

We offer comprehensive residential and commercial property tax appeals services. This means, whether you’re a business owner or a homeowner looking for guidance on a high property tax bill, we can respond with expert advice.

• Specialized services on short notice

Since we employ a full team of property tax experts, we can ensure you have access to qualified guidance on short notice. Our team is always available to answer questions and provide their expert insights for your particular case. Our goal is to ensure you achieve peace of mind and a reduced property tax bill.

Why Might You Appeal Your Property Tax Assessment?

In Illinois, property tax evaluations take place every 4 years, although this reduces to 3 years for properties located within Cook County. The length of time between evaluations can mean that the assessed value of your property is not an accurate reflection of the market value. The exact amount of property tax that residents of Illinois are required to pay is based on three factors, these are:

• The assessed value of the property – This is based on 33.3% of the fair market value of the property for all non-farm properties, and in Cook County, 10% for residential properties and 25% for industrial and commercial properties.

• The property tax rate – This figure can vary depending on the location of a property and is used to multiply the assessed value to determine the exact property tax bill amount.

• Property tax exemptions – A large number of exemptions are available, such as homestead exemption and returning veterans exemption, which can reduce property tax liability.

Every year, many residential and commercial taxpayers express dissatisfaction with the results of their property tax assessment. Differences between guidelines for devaluation from the state and actual value of property can lead to many individuals paying more than they should.

You may decide to appeal your property tax assessment if your property tax is above the fair market value, which would cause you to overpay, like many people in Chicago, IL and across the US every year.

Thankfully, reducing your tax liability and potentially saving hundreds or thousands on your property tax bill can often be achieved through an appeal. If you’re worried about your property tax and believe that your assessment doesn’t reflect the true market value of your residential or commercial property, then the tax experts at APA Financial Services can help. Contact us today for professional advice and assistance arranging an appeal for your property tax assessment.

Don’t File Your Appeal Alone – How APA Financial Services Can Help You

In many instances, it’s possible to partly or drastically reduce a residential or commercial property tax assessment by filing an appeal. However, the process can be time-consuming and complicated if you have no previous experience appealing an assessment.

To take the burden off your shoulders and ensure that you have the best opportunity to reduce your property tax liability, the experts at APA Financial Services can help. Our tax experts can represent you and take you through the entire appeal process. With our substantial experience handling property tax matters for residents and business owners in Chicago, you can count on us to put in place the best strategies to reduce your property tax liabilities.

Decreasing the assessed price of your property and securing refunds may be a challenging undertaking, but it’s one that the experts here at APA Financial Services are highly experienced in. Don’t fret over your property tax bill, allow us to step in and help you to achieve a long-term reduction.

Choose APA Financial Services for Property Tax Appeal Assistance in Chicago

Property tax assessment appeals have the power to greatly decrease your tax liability, especially when you’re working with tax experts that have a comprehensive knowledge of the process. When you choose APA Financial Services for property tax appeals, you can expect:

• Reliable legal advice on all matters regarding property tax appeals
• Personalized services that cater to your exact tax requirements
• Years of experience in residential and commercial property tax appeals
• Quick response times even with short notice
• Excellent communication from experts in property tax
• Advice and assistance tailored to your personal situation
• Professionals dedicated to providing expert tax advice

Contact APA Financial Services today and regain control of your residential or commercial property tax!