Money Matters
Dear Community,
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We got our second installment tax bill last week (Cook County, IL) and ouch. Our assessed value increased by 18% and the tax bill increased by 35%. We appeal every year ourselves, with 2012 year being the only successful appeal (valued to what we paid for the house in 2011). I'm now having to pull about $1k out of our savings account since our escrow account is short....
I have had several people tell me to hire an attorney who specializes in property tax appeals. It seems like the going rate (fee) is $50 for the appeal plus half of whatever the reduction is. I'm curious if any one has ever hired someone to appeal their property tax, what questions to ask, etc.
TIA.
Re: Property Taxes