Is your property tax bill too high?

If you live in Kane county, your first installment of your property taxes is due June 1st, you should know that your tax bill is being prepared as we speak.  By the time you receive your bill by mail, it will be too late to fight it.  Do you think your property assessment is too high?  Be sure to contact your local township assessor first, then you may file a real estate complaint with the office of the Supervisor of Assessments and a hearing will be scheduled with the Board of Review. You have until September 10th or 30 days from the date of publication in order to file a complaint with the Supervisor of Assessments. Keep in mind that you only have 3 valid options available to you for a re-assessment according to the Kane County Tax Assessors Office:
http://www.co.kane.il.us/coc/Tax/TaxFAQ.asp#Will I be notified if my assessment is going to be increased?

  1. Assessor Information (“The assessor’s records show I have a 2,400- square-foot house, but my survey shows I’ve got only 2,200 square feet.”)
  2. Incorrect Valuation (“The market value of my home is shown at $290,000, but I just had it appraised for $225,000).
  3. Inequity (“My equalized assessed value is $95,000, but the comparable houses in my neighborhood are assessed at values ranging from $71,000 to $78,000.”) Please note that the state Property Tax Appeal Board has consistently ruled that the amount or percentage of change in assessment from one year to the next is not a valid basis for an appeal.

Talk to your neighbors and see what their homes have been assessed at.  Ask a local bank for an appraisal of your property to see where it comes in at.  If you think you can build a good case, ask a Realtor to pull current comparables in your area to back up your case.

Want to know more on property taxes in Kane county?  Start here:  http://www.co.kane.il.us/soa/QuickGuide.htm

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