Updated almost 7 years ago on . Most recent reply
Do property taxes ever decrease?
Has anyone who’s been at the game longer then me ever seen property taxes decrease in an area? Or once there implemented it’s almost impossible to go back? I have an offer in on 2 Duplex’s in Lake Country IL. With 3.2% tax rate. The Deal is ok at 3.2%, bad at 4% but would be awesome at 2%. Is it safe to say I’ll see 4% before 2%?
Most Popular Reply
@Michael Bettencourt I have seen taxes go down. Typically it's when some disputes the assessor with a legitimate lower valuation claim.
Don't ever count on it though. If you are sitting there counting nickels with regard to your tax rate, your deal is too tight and you need to let it go or re-evaluate it.