Reassessing Taxes, pricing to reassess, Cook County Illinois

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Reassessing Taxes, pricing to reassess, Cook County Illinois

Joseph Dimaria
Contractor · Woodridge, IL · Member since 2014 · 176 posts · 10 votes

I am looking to get my rental property taxes reassessed to increase my CAP rates. All my properties are in Cook County. I have been interviewing companies and have narrowed down a few. It seems that most charge between 20-33% of your year 1 savings. Does this seem too expensive? I would love to hear some of your success stories and input on pricing.

Thanks and good luck. 

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  • Dorothy Wulf
    Chicago, IL · Member since 2016 · 165 posts · 49 votes
    9y

    Hi Joseph

    Currently the appeal process is closed. You can go to the Cook County Assesor's website to look when they will re-open. Also, you can appeal your own taxes without an attorney.  Go to www.cookcountypropertyinfo.com

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  • Brie SchmidtBusiness Member
    Moderator
    Real Estate Broker · Chicago, IL · Member since 2013 · 6k+ posts · 5k+ votes
    9y

    @Joseph Dimaria - We use Ralia ( http://railapc.com/ ) and they charge 40% 

    We do it every year on all of our properties and I think just once they did not get our bill lowered.  As Dorthy said, check your district and see when your appeal is up

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  • Joseph Dimaria
    OP
    Contractor · Woodridge, IL · Member since 2014 · 176 posts · 10 votes
    9y

    Thanks for the advice. I will look into both. Have a great month. 

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  • Brian Dillon
    Berwyn, IL · Member since 2015 · 5 posts · 1 vote
    9y

    I just want to add that you don't need to hire anyone to do it for you.  

    There are two appeals process.  The first is through the assessors office.  I've not had much luck with that.  The second is through the Cook County Board of Review.  I get mine lowered just about every year.  This year my 2-flat went from 17,793 to 15,955, a change of $1,838 in assessed value.

    I filled out the paperwork which consisted of my name and property address, signed it, and turned it in. I didn't research comps or anything.

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  • Mike Barry
    Plainfield, IL · Member since 2015 · 111 posts · 17 votes
    9y

    Does anyone know of someone I can work with to appeal my taxes in Will County? Thanks!

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