Updated over 6 years ago on . Most recent reply

"Homeowner Exemption" for property taxes
Hi, I am in my due diligence phase of a turnkey property in Hazel Crest, IL. The property currently has a "Homeowner Exemption" which appears to be some property tax discount for those that make the place their primary residence. Taxes seem to be $243/month, but I'm assuming that once I buy it as an investor (it won't be my primary residence) that taxes will go up?
Anyone have any clarity on the subject?
Most Popular Reply

@Daniel Benoit and @Russell Pitts - isn't this what cased a fraud investigation in cook county?
https://chicago.cbslocal.com/2017/05/11/2-investigators-company-accused-of-dodging-600k-in-property-taxes/
- Brie Schmidt
- Podcast Guest on Show #132

Second City Real Estate
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