Author: Shelly Rothstein

No, The Assessor Did Not Increase Your Property’s Assessed Value To Collect More Taxes!!!

Written by Ron Kingsley, Lake County Appeal Owner and Tax Attorney   Literally, every day, at least one client calls me with the misconception that the assessor increased the client’s assessed value in order to collect more taxes.  No, no and no!!!  As Jill Odzer’s article aptly points out, the amount of taxes that the taxing bodies need to perform their functions determines the amount of Read More …

Should My Taxes Be Reduced Since Everything is Shut Down?

Written By Jill Odzer, Lake County Appeal Commercial Analyst   One common question I receive goes something like this, “Since everything is shut down, my taxes should be reduced, right?”  Although this may sound logical, it isn’t how property taxes work…Your property tax bill stems from two separate components:  The first component is the assessed value, which is supposed to be one-third of the fair market value of your property on January 1 Read More …

Covid-19 Closures Could Push Residential Property Tax Bills Higher In Coming Years

Business closures could shift property tax burdens to homeowners.   Written By, Cole Lauterbach – Center Square Illinois, News Partner – July 17, 2020    The COVID-19 pandemic could have lasting consequences for property owners, especially if business closures shift property tax burdens to homeowners.   Property taxes aren’t implemented like income taxes, where a percentage of Read More …